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» Chronological View: " Spain " «

Morzal Properties acquires four shopping centres from Unibail for €489m

On July 31, 2018, Unibail-Rodamco-Westfield (URW) disposed of four regional shopping centres in Spain to Morzal Properties Iberia S.L. The total transaction cost is €489m and represents a net initial yield of 5.6%. Morzal Properties is part of the South African fund Vukile, which has signed an agreement for the acquisition of...
Wednesday, 1. August 2018

Encore+ acquires Spanish Metro portfolio for €86m

Metro Properties, the real estate entity of Metro AG, sold parts of the real estate portfolio of Makro Spain as part of sale-and-lease-back transaction. LaSalle Investment Management, on behalf of Encore+, acquired the wholesale and office space of three properties in Madrid. The sales price was 86 Million Euros. Makro has s...
Tuesday, 31. July 2018

Allianz and Tishman Speyer found JV to develop Monteburgos office site with Metrovacesa

Allianz has entered into a 50/50 joint venture with Tishman Speyer to develop a 56,652 sq metre office complex located in Las Tablas Madrid, Spain. The joint venture with Tishman’s value-add fund TSEV VIII will acquire 76% of the shares of project Monteburgos, alongside existing landowner Metrovacesa retaining a 24% interest ...
Thursday, 19. July 2018

Neinver appoints Vanessa Gelado as Investment Director

Neinver has appointed Vanessa Gelado, currently the Group’s Fund and Strategy Director, as Investment Director. In her new role, Gelado will combine her current responsibilities leading retail investments and strategy of the company with those of business development. She will be in charge of the company’s expansion strategy,...
Thursday, 19. July 2018

Hines buys office tower in Barcelona on behalf of Hines European Value Fund

Hines on behalf of the Hines European Value Fund (HEVF), has completed the acquisition of the SPV that owns Avenida Diagonal 177-183 or “Mediacomplex,” an office and television production complex in Barcelona, from a partnership between Rilson Inmuebles S.L. and Barcelona de Infraestructures Municipals, S.A. Hines’ Spanish te...
Thursday, 19. July 2018

Lar España divests six logistics properties for €120 million

Lar España Real Estate SOCIMI S.A. has sold its logistics portfolio for €119.7 million. The portfolio comprises four logistics warehouses in Alovera (Guadalajara), one warehouse in the Juan Carlos I Business Park in Almussafes (Valencia) and one plot of land for a logistics development in Cheste (Valencia). Vendor of the port...
Thursday, 19. July 2018

Union Investment sells Pórtico office building in Madrid

Union Investment has sold the Pórtico office building in eastern Madrid to a fund managed by a French real estate investor. Comprising some 21,000 sq m of space, the property was constructed in 2005 and includes 413 parking spaces. It was acquired by Union Investment in 2008 and held in the UniImmo: Deutschland portfolio. The...
Thursday, 19. July 2018

Lack of office supply will be the main driver of rental growth in Edinburgh

A lack of office supply in the face of consistent office demand will be the main driver of above-average rental growth in Edinburgh in the next two years, according to the European Office Rental Growth Hotspots 2018 report from JLL. The report identifies ten markets in Europe set to experience supply-led office rental growth ...
Tuesday, 3. July 2018

LAR España secures €100 million in financing for the Palmas Altas retail complex

LAR España has entered into a financing agreement worth €98.5 million to fund the construction and launch phases of the Palmas Altas retail and family leisure complex. This is the first time since 2007 that a retail property of this size has received bank financing. The seven-year loan was granted by Banco Santander, Banc Sab...
Tuesday, 3. July 2018

Increase in housing supply is catalyst for further investment

Increase in housing supply in Malaga is fuelling the commercial sector, as the city receives increased levels of domestic and international investment, according to the Visión 2018 report by Savills Aguirre Newman. According to the report, housing supply in the city increased by almost 24 percent in 2017 compared to 2016, wit...
Tuesday, 3. July 2018

Autograph Collection opens property in Toledo

Autograph Collection Hotels has opened the Eugenia de Montijo hotel, located in the heart of Toledo. Housed in the former palace of the Empress Eugenia De Montijo, from which the hotel takes its name, the hotel comprises 40 guest rooms and two luxurious bedroom suites.
Monday, 2. July 2018

Thor completes €75m Gran Via 30 acquisition

Thor Equities has completed on a €75m acquisition from Angelo Gordon of a mixed-use building on Madrid’s Gran Via. The 48,222 sq ft building on the 100-year old main street in the centre of Madrid, includes a 12,619 sq ft retail accommodation, which is predominantly let to Spanish fashion chain Sfera. In addition, the propert...
Wednesday, 27. June 2018

Real I.S. launches BGV VIII Europa fund

Real I.S. is launching the company’s new real estate special AIF, Real I.S. BGV VIII Europe. With the new fund, the company is thus continuing its successful series of Bayerische Grundvermögen (BGV) funds. The initial target volume of the diversified special AIF is around one billion euros. The fund will focus on investments ...
Tuesday, 12. June 2018

ICG makes €105 million investment in Eroski Spanish hypermarkets

Intermediate Capital Group (ICG) will invest €105 million in six Spanish hypermarkets. ICG has partnered with Inmobiliaria Armuco S.L., a real estate company 45% owned by Eroski, a food retailer in Northern Spain, to acquire five of its hypermarkets and one more completely owned by Eroski in a primary sale and leaseback trans...
Thursday, 31. May 2018

Meridia Capital acquires Madrid office asset for €26.5m

Meridia Capital Partners, acting through its real estate investment vehicle Meridia III, has acquired a 7,500 m² office building in Madrid for €26.5m. “We are very satisfied with this deal, as the asset has a great potential due to its excellent location and the value we can add by refurbishing it. This asset does not only re...
Wednesday, 30. May 2018

Habitat Inmobiliaria appoints José C. Saz as CEO

Habitat Inmobiliaria has appointed José C. Saz as the CEO and top executive of the company. Saz will focus on driving the company's growth in the country's property market through an active investment policy. Habitat aims at becoming one of the leading companies in the country´s real estate sector. With the appointment of Saz...
Wednesday, 30. May 2018

M&G Real Estate grows exposure

M&G Real Estate has invested a further €80 million in European commercial and industrial property, with the acquisition of two industrial and two retail assets in the country, made on behalf of the M&G European Property Fund managed by David Jackson and Simon Ellis. With a focus on prime real estate in core locations and with...
Wednesday, 30. May 2018