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» Chronological View: " Spain " «

BlackRock Real Assets closes Spanish solar debt investment

BlackRock Real Assets has closed a debt investment in an operational solar PV project in the south of Spain owned and operated by Solaria Energía y Medio Ambiente, a solar developer and operator. This transaction brings a number of benefits for BlackRock’s institutional clients, including stable, long-term cash flows at an at...
Thursday, 17. August 2017

UBS acquires retail gallery in Madrid for €57.0

UBS Asset Management's (UBS-AM) Real Estate & Private Markets (REPM) business has acquired the retail gallery part of Las Rosas Shopping Centre in the San Blas district of Madrid, on behalf of a client for €57.0 million. The vendor, Hispania Retail Properties (HRP), a partnership owned by GreenOak Real Estate amongst others, ...
Thursday, 10. August 2017

Spain's Santander seals €10 billion property sale with Blackstone

Banco Popular S.A. has today approved the sale of a majority stake in its real estate portfolio to Blackstone Real Estate Partners Europe V. The agreement has been reached following a competitive process in which three international companies with long track records in the management of real estate assets presented offers. Bl...
Wednesday, 9. August 2017
Internos acquires the Vincci Selección Posada del Patio in Malaga

Internos acquires the Vincci Selección Posada del Patio in Malaga

Internos Global Investors confirms the closing of the acquisition of the Vincci Selección Hotel Posada del Patio in Malaga for €26.75 million from Dospuntos, a real estate company controlled by Värde Partners. This acquisition follows the first closing of Internos' second hotel real estate fund with equity of €133 million fro...
Tuesday, 8. August 2017
Axiare Patrimonio profit rises to €114 million

Axiare Patrimonio profit rises to €114 million

Axiare Patrimonio continues to implement its strategic investment plan, further bolstered by its excellent financial results. The Socimi reported a net consolidated profit of €114 million in H1 2017, 36.1% above the €83.8 million in H1 2016. The Socimi has again increased its EPRA NAV, which stands at €15.3, 11.4% higher than...
Wednesday, 2. August 2017
Savills acquires Aguirre Newman

Savills acquires Aguirre Newman

Savills has acquired Aguirre Newman S.A., a real estate advisory business, for up to €67 million payable in instalments over five years from completion. The acquisition is scheduled to complete by 30th November 2017 following satisfaction of customary regulatory and closing conditions.
Tuesday, 1. August 2017

Redevco and Ares’ joint venture acquires Mercado San Miguel for €70 million

Redevco Iberian Ventures, the joint venture between pan-European retail real estate investment management company Redevco and funds managed by Ares Management, has acquired Mercado San Miguel, the renowned covered gastronomic market in Madrid, for €70 million. The seller is a consortium of private Spanish investors.
Tuesday, 1. August 2017
UBS AM buys office properties in London and Madrid

UBS AM buys office properties in London and Madrid

UBS Asset Management's (UBS-AM) Real Estate & Private Markets (REPM) has acquired office properties in London as well as in Madrid. The London acquisition was made for Savills Investment Management on behalf of a separate account for a pension fund. The office building in Madrid has been bought on behalf of UBS Real Estate Gm...
Thursday, 27. July 2017
Axiare Patrimonio achieves its first LEED Platinum certification

Axiare Patrimonio achieves its first LEED Platinum certification

Axiare Patrimonio continues to work towards generating excellent returns for its shareholders. The first Socimi to become RICS accredited achieved its first LEED CS Platinum certification for an office building: the property located on Calle Ramón de la Cruz, 84 (DRC84), in Madrid placing it among the top ten new or refurbish...
Wednesday, 26. July 2017

Grosvenor Europe acquires two residential assets in Chamberí district in Madrid

Grosvenor Europe has acquired two new assets in the Chamberí district of Madrid. To consolidate the activity of its joint venture partnership with Amcorp Properties Berhad, Grosvenor will transform two buildings situated on Modesto Lafuente and Santa Engracia streets into high end residential and commercial space. The acquis...
Friday, 21. July 2017

Axiare Patrimonio accredited by the Royal Institution of Chartered Surveyors

Axiare Patrimonio is now the first real estate company in Spain to be accredited by the Royal Institution of Chartered Surveyors (RICS), which ensures quality and trust for professionals in the sector. With over 75% of its management team RICS-accredited, the Socimi has decided to go one step further in its commitment to exce...
Monday, 17. July 2017

CBRE GI acquires prime retail and office asset in Madrid

CBRE Global Investors, in a joint venture with IBA Capital Partners, has acquired Gran Via 18, a 5,500 sq m prime freehold asset in Madrid City Centre. The vendor was a fund managed by TPG Sixth Street Partners. The asset comprises a basement and seven floors above ground. Gran Via is dominant retail and tourist thoroughfare ...
Thursday, 13. July 2017

Starmel sells hotel portfolio

Starmel, a joint venture between Starwood Capital Group and Melia Hotels International, sold a portfolio of four branded hotels in Spain. Starwood Global Opportunity Fund X's controlled affiliate owns 80% of the joint venture which owned the hotels, while Melia Hotels International owns the remaining 20% and will retain this ...
Wednesday, 12. July 2017

Avignon Capital sells prime office and retail asset in Barcelona for €65m

Avignon Capital has sold Fontanella 6-8, a prime office and retail asset in Barcelona, for €65m, producing a 135% return on equity. The asset is an 8,126 sqm property situated on the corner of Plaça de Catalunya. The property benefits from a prime retail and commercial position in the city centre, with Passeig de Gracia and L...
Friday, 7. July 2017

Redevco and Ares Management JV sells nine retail parks for €193m to Vukile Property

Redevco Iberian Ventures, the joint venture between Redevco and Ares Management, has sold a portfolio of nine retail parks located across Spain for €193 million. The parks were acquired by Vukile Property Fund, the Johannesburg, South Africa-listed retail property specialist, through its Spanish real estate investment trust ...
Thursday, 6. July 2017