Spain

The VGP Group begins work on the battery assembly plant for MOBIS Spain at VGP Park Pamplona Noáin.

Europe's average office occupancy rate has risen from 55% to 59% over the last year, says Savills, with Madrid now standing at 68%, almost back to the European pre-pandemic average rate of circa. 70%. London West End and Paris CBD have the second and third highest rates, at 61% and 59%, respectively. Warsaw has seen the highe...

Colonial has placed two debt placements totalling €70m and €130m, respectively, on its bond maturing in November 2029 with a BBB+ rating from S&P and listed on Euronext Dublin.

Nido Living has launched its first scheme in Valencia with 253 beds. Nido Malvarrosa is the company's third project overall in Spain following PBSA assets in Seville and Madrid. Valencia represents the company's first 'flex living' accommodation in the country and it is aimed especially at university students, amongst other r...

Travelodge has acquired six hotels, totalling 773 rooms, in Spain from Louvre Hotels Group.

A partnership comprising Amro Partners, IP Investment Management ('IPIM') and Heed Capital ('Heed') has secured planning approval for Amro Valencia Puerto, Amro's second PBSA asset in the city and IPIM & Heed's maiden investment in Valencia. Planning consent was secured within a 12-month timeframe, a local record, with constr...

The Iberian Peninsula and Italy have emerged as the most sought-after hotel investment destinations in Europe for 2024, according to Cushman & Wakefield's latest sector analysis.

Neinver recorded a strong operating performance in 2023, with total brand sales reaching €1.48 billion across its entire portfolio, an 11% y-o-y increase and record-breaking monthly growth. The centres operated by the company across six European countries welcomed a total of nearly 68 million visitors over the course of the y...

Medinvest Asset Management's and King Street Capital Management's joint venture has reached an important milestone, having invested close to €200 million since its formation in 2021.

Hyatt Hotels Corporation celebrates the opening of Grand Hyatt Barcelona, the first urban Grand Hyatt hotel in Spain, located in one of the most visited cities in the world. Marking the fifth Grand Hyatt hotel operating in Europe, this expansion also reflects Hyatt’s accelerated brand growth in Spain. Hyatt offers the fourth-...

Another hotel in Ibiza has changed hands: BG Hotels has sold the four-star BG Portinatx Beach Club Hotel. The purchaser is a Spanish family of international hotel businesses, who will carry out a comprehensive refurbishment of the hotel with its 243 rooms to reposition it.

Spanish REIT Millenium Hospitality Real Estate has sold the four-star, 169-room Hotel Eurostars Lucentum in Alicante for €29.9 million to an undisclosed buyer. According to the REIT, the transaction has generated an estimated capital gain of €7m.

In mid-March, Berlin-based private equity firm ActivumSG (ASG) has sold the three-star, 241-room Hampton by Hilton Barcelona Fira Gran Via in Barcelona, Spain, to an undisclosed British family office for €50 million.

Azora, through two logistics vehicles it manages, has acquired an asset portfolio valued at €91 million previously managed by CBRE Investment Management. The portfolio consists of 11 assets totaling 193,000 square meters, financed by a loan of up to €54.9 million. These assets are located on the A2, the main logistics axis i...

ECE Marketplaces has successfully completed the restructuring of a former hypermarket space in the Spanish shopping center „Parque Principado“ in Ovideo. The space has been let to several popular tenants, and thus, the center is again fully let. Following the hypermarket's departure in 2022, the modernized space of around 12,...

Following a change of control of Carlotta SL, which owns the Oasiz shopping centre in Madrid, Eurofund will implement an investment of up to €20 million of capital expenditure at the centre.

Quartiers Properties to announce that Andreas Bonnier, co-founder of Quartiers Properties and experienced in international business, has been appointed as the new CEO.

Esade, advised by Savills, has agreed a new lease at 3 Calle Valle de la Fuenfría in Mirasierra, Madrid from Saint Croix Holding Immobilier. The architecture team, part of occupier solutions, has also been appointed to design the 4,800 sq m campus which will be a hub for Esade Executive Education in Madrid.