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» Chronological View: " Spain " «

HI Partners acquires the IFA InterClub Atlantic in Gran Canaria

HI Partners, part of Blackstone Real Estate Partners Europe V since 2017, has acquired the Hotel IFA InterClub Atlantic in San Agustín from Ifa Hotels and Touristik for €62.8 million. The company plans to refurbish the property to convert it into a flagship resort. Lopesan, the majority shareholder of IFA, will manage the ho...
Friday, 27. April 2018

Natixis opens new Madrid headquarters for Spanish businesses

Natixis will open a new office in Madrid on April 30th, bringing its various Spanish businesses under one roof, together with fellow Groupe BPCE subsidiary Pramex. Located in Serrano 90, it will cover 3,000 square meters over four floors in this newly renovated building at the heart of Madrid’s Golden Mile. The office will be...
Friday, 27. April 2018

Ares Management on shopping spree in Europe

Ares Management funds has acquired a Pan-European office portfolio with seven assets and completed also the acquisition of eight logistics properties in France, Spain and the Netherlands.
Friday, 27. April 2018

GreenOak raises €911 million

Real estate investment manager GreenOak has held a final close of its second European Fund, GreenOak Europe Fund II, totalling €656 million of equity commitments and exceeding its target of €500 million.
Thursday, 26. April 2018

Pbb refinances Las Mercedes Business Park in Madrid

Pbb Deutsche Pfandbriefbank provided a long term bilateral senior loan to GreenOak in an amount of €95 million to refinance Las Mercedes Business Park, located in Madrid. Las Mercedes Business Park comprises around 79,750 m² of Grade A office accommodation in nine buildings fronting the A-2 motorway. Las Mercedes Business Par...
Monday, 23. April 2018

Lar España's AGM approves a dividend payment of €45 million

Lar España Real Estate Socimi S.A.'s AGM approved a €0.49 dividend per share reported against 2017’s results, which equates to a €45 million dividend payment, 50% more than the €30 million paid in 2016, and well above the €12 million in 2015. The dividend payment will be made on Wednesday 18 May. Dividend yields stand at 5.5%...
Friday, 20. April 2018

Commercial real estate investors turn to Iberia

The overwhelming majority (87%) of investors in Iberian real estate plan to increase or maintain their allocation over the next 12 months, according to a new report commissioned by Intertrust. Of those already invested in Iberia, a quarter (24%) plan to increase their exposure, higher than those for the UK, Germany and the No...
Thursday, 19. April 2018

Primonial REIM entrusts BNPPRE Property Management with additional properties

BNP Paribas Real Estate Property Management has been selected to manage six nursing homes in Spain. These properties are part of a pan-European Property Management mandate awarded to BNPPRE Property Management to manage the assets of the SCPI Primovie in several countries. This brings the number of properties already managed ...
Thursday, 19. April 2018

Highest year on year record for European loan sales

Last year saw a return to growth in the loan sales market, with a total of €114 billion of real estate backed loan sales recorded during the year, according to the latest report by CBRE. Despite being a record year for loan transactions, there are still circa €1 trillion of outstanding NPLs held by European banks across all l...
Tuesday, 17. April 2018

IHG signs first Hotel Indigo in Gibraltar

IHG (InterContinental Hotels Group) has signed of Hotel Indigo Gibraltar, under a franchise agreement with property developers Roquebrook. Located close to the Old Town and just a five-minute drive from Gibraltar International Airport, the hotel will offer rooms facing north towards Spain and eastward-looking rooms with views...
Tuesday, 17. April 2018

Rockspring completes c. €400 million of disposals for TransEuropean V

Rockspring Property Investment Managers LLP announces that since Q4 2017 it has contracted the sale of eight investments on behalf of its Europe-wide value add investment programme, TransEuropean Property Limited Partnership V (“TEP V”), for a total of circa €400 million. Just under 85% of the fund has now been liquidated wit...
Friday, 13. April 2018

Testa Residencial agrees to buy 1,458 apartments from Caixabank

Testa Residencial has reached an agreement to acquire a portfolio of 1,458 apartments from BuildingCenter S.A.for an approximate price of €228 million. 66 per cent of these apartments are concentrated in Madrid, Palma de Mallorca, Barcelona and Valencia and the rest are located in other metropolitan areas in Spain. The 42 bui...
Monday, 26. March 2018

AEW acquires one building of the Rio 55 business park development in Madrid

AEW has agreed to forward purchase an office building being constructed at the Paseo de la Virgen de Puerto (Rio 55) in Madrid, Spain for €43mn on behalf of the AEW Europe Value Investors Fund. The ca. 14,000 sqm property is being developed by Insur to prime international standards and will have a BREEAM Very Good certificati...
Friday, 23. March 2018

Catella AM Iberia exceeds €200 million in assets under management

Catella Asset Management Iberia has exceeded €200 million in assets under management, strengthening its presence in value-add assets and alternative investments. Following the acquisition of the Planetocio shopping and leisure centre in Madrid, the asset manager has completed its tenth transaction in Spain, where it operates ...
Thursday, 22. March 2018

ICSC European Conference and European Outlet Conference comes together in Barcelona

The International Council of Shopping Centers (ICSC) will hold its annual European Conference on 25-26 April in Barcelona at the Fairmont Rey Juan Carlos I hotel. The conference will coincide with the European Outlet Conference, offering participants an opportunity to attend sessions at both conferences and to connect with t...
Tuesday, 20. March 2018

Sonae Sierra recorded a net profit of €110 million in 2017

Sonae Sierra recorded a net profit of €110.0 million in 2017, compared to the €181.2 million recorded in 2016 impacted by a lower value created in investment properties. EBIT reached €105 million, a 8.5% increase over the previous year. The Direct Result rose to €65 million, an improvement of 14% compared to 2016. This reflec...
Thursday, 15. March 2018

Duro Felguera sells two office buildings

Signal Capital Partners has completed the acquisition of 2 office buildings from Duro Felguera, advised by Optimus Global Investors. The largest building is the corporate headquarters of Duro Felguera in Madrid, which is located at Via de los Poblados 7, in the consolidated Campo de las Naciones Business Park. The freestandin...
Thursday, 15. March 2018

AEW acquires the Planetocio retail and leisure centre in Madrid for €20mn

AEW has acquired the Planetocio retail and leisure centre on behalf of one of its funds for €20 million from Axiare. The centre was built in 2001 and offers 21,000 sqm of retail and leisure space across 40 units. Major tenants include Media Markt and Yelmo Cinema, as well a number of well-known food and beverage brands (McDon...
Monday, 12. March 2018