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Following the announcement on 20 December 2019, intu properties plc has now completed the sale of its interest in the intu Puerto Venecia shopping centre in Zaragoza, Spain's largest shopping and leisure centre, to Generali Shopping Centre Fund S.C.S. SICAV-SIF and Union Investment Real Estate GMBH.
The share of flexible office space take-up across Europe slowed in the first quarter of 2020 to reach 5% from 9.5% at the end of 2019. The sector has expanded exponentially from 2017-2019, and is reaching maturity, as large providers become less expansionary.
Catella Residential Investment Management (CRIM) and Catella Real Estate AG (CREAG) have acquired two residential real estate developments in Berlin and Madrid via their AIFM platform for a total of €75 million. These two transactions increase the total investment volume of their Catella Wohnen Europa (CWE) Fund to over €975 ...
Neinver has appointed Stephan Fickl as the company's new Group Leasing Director. He assumes responsibility for this area of the group at the international level and reports directly to the Managing Director. The new Group Leasing Director comes from McArthurGlen Group, where for seven years he held the position of Regional Le...
With cases in China starting to plateau, the World Health Organization (WHO) declared Europe to be the new epicenter of the coronavirus outbreak in March, fueled by the rapid expansion of the virus across Italy and Spain. This prompted governments across the region to scale up the measures to contain the spread, and several l...
Barely a few weeks since opening its Spain office, Panattoni has acquired land in Torija near Madrid. The construction of Panattoni Park Madrid East, with more than 28,400 sqm of space, will start in the first half of 2020.
KKR has acquired a strategic stake in Mirastar from M7 Real Estate. The investment in Mirastar was made through a European real estate fund managed by KKR and will further expand KKR’s presence in European I&L real estate. Mirastar was co-founded in 2019 by Ekaterina Avdonina, Chief Executive Officer, and Anthony Butler, Chie...
Berlin-based Catella Residential Investment Management (CRIM) and Catella Real Estate AG (CREAG) via its AIFM platform, have acquired three innovative residential projects in Vienna and Vitoria, northern Spain, and Hamburg for approximately €147 million. Together, the three transactions boost the total investment volume of th...
Amundi Immobilier has acquired a new building, called 'SA 65', in the heart of Barcelona from Conren Tramway. The building was completed in February this year.
According to Dan Moses, Graduate Surveyor in the Operational Capital Markets team, at Savills, the investments in the student accommodation sector heats up. Rewind 10 years and the picture across Iberia was a very gloomy one compared to today. High youth unemployment, unstable GDP growth and soaring levels of debt were wides...
The Valencian family business Family Cash, led by José and Carles Canet, has sold a portfolio of 7 hypermarkets located in the regions of Valencia and Murcia, to a pan-European investment fund. The assets are located in the municipalities of Xátiva (8,536 m²), Ontinyent (6,723 m²), Gandía (4,741 m²) and Museros (4,084 m²), al...
Amro Estudiantes, advised by Savills, has sold a student residence asset to Xior Student Housing NV for c.€37m. The seller will manage the residence hall during the first two academic years on the basis of a net triple rent contract. After this two-year period, Xior will take over the management.
Savills Aguirre Newman, has appointed Rubén Rubio as a director in the capital markets team in its Madrid headquarters. Rubio, who will specialise in industrial/logistics transactions, has been appointed in response to the firm’s commitment to the sector in which it has positioned itself as a leader not only in the capital bu...
Ares Management Corporationannounced today that funds managed by its Real Estate Group have completed the sale of its stake in a 40-property pan-European logistics portfolio to Investec Property Fund, its co-investment partner in the portfolio, for more than €900 million.
CA Ventures has appointed Steven Zijl as Managing Director in Spain and Portugal. Zijl joins the company from Eurostate Real Estate Partners, a private management company he founded in 2001, specialising in private investment and development of residential, student housing and healthcare real estate assets.
Swiss Life has reached an agreement with Spanish REIT Elaia Investment Spain, Socimi, SA, controlled by the Luxembourg group Batipart, to purchase two hotels in Mallorca (Icon Valparaiso and Vistamar) a hotel in Gerona (Monterrey) and an apartment complex in Menorca (Eden Binibeca) for a reported €55 million (€103,000 per roo...
