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» Chronological View: " Spain " «

Savilles completes aquisition of Aguirre Newman

Savilles completes aquisition of Aguirre Newman

Savills confirmed the completion of its acquisition of 100% of Aguirre Newman S.A. The purchase price of €67 million is payable in instalments over five years from completion.
Monday, 8. January 2018

AXA IM - Real Assets acquires 850 unit residential portfolio for c.€170 million

AXA Investment Managers - Real Assets has completed the acquisition of an 850 unit residential portfolio from Goldman Sachs and B Capital, for around €170 million, on behalf of clients. The 65,000 sqm portfolio comprises 28 high quality residential buildings which are located primarily within or close to the city centres of M...
Tuesday, 2. January 2018

Axiare Patrimonio sells Fernando el Santo for €30 million

Axiare Patrimonio has sold the prime property located in the centre of Madrid at Calle Fernando El Santo 15, to a national investor for €30 million – This is the Spanish REIT’s first divestment. The property, acquired in September 2014 for €16.5 million, has been sold for €30 million, equating to a value uplift of 82% in thre...
Tuesday, 2. January 2018

Six pan-European REITS create a sustainability and innovation thinktank

Olivier Elamine (CEO of Alstria), Manfredi Catella (Founder & CEO of COIMA RES), Pere Viñolas Serra (CEO of Colonial), Méka Brunel (CEO of Gecina), Toby Courtauld (CEO of Great Portland Estates) and Bernd Stahli (CEO of NSI) agreed to create a thinktank that will group together the sustainability and innovation best practices...
Tuesday, 19. December 2017

Spain shines as Southern Europe's star performer

Spain has been leading the recovery of Southern Europe's commercial real estate market since the GFC, thanks to continued interest from foreign investors who have been responsible for 62% of all commercial real estate investment activity so far this year. According to Savills, investment volumes are now looking to hit €8.9bn ...
Tuesday, 19. December 2017
Collegiate focuses on Spain and Portugal

Collegiate focuses on Spain and Portugal

In the last decade, investors have rushed to the burgeoning purpose-built-student-accommodation (PBSA) sector opening new private halls in emergent locations throughout the UK with extra facilities such as gyms and private cinemas. Luxury student accommodation provider Collegiate has been at the heart of this growing market f...
Thursday, 14. December 2017

Barings invests further €17.6 million in Spain

After Barings Real Estate Advisers has already bought a logistics property from Deka Immobilien for €17.6 million at the end of November, the investment manager invested a further €17.6 million in a fully-let retail warehouse and petrol station from López-Real. The two acquisitions follows Barings' debut into the Spanish logi...
Monday, 11. December 2017

Madrid experiences strongest occupier activity in a decade

Madrid’s occupational market has seen a particularly buoyant period, with the first nine months of 2017 registering the strongest occupier activity in a decade, reaching 359,000 sq m. The upturn in the Spanish economy is of course vitally linked to this increased activity, Spain’s economy is outpacing the Eurozone, with GDP g...
Friday, 1. December 2017
BBS Capital arranges finance for Ibiza hotel development with Signal Capital Partners

BBS Capital arranges finance for Ibiza hotel development with Signal Capital Partners

BBS Capital has arranged, on behalf of a private hotel group, a €50m facility with Signal Capital Partners, for the acquisition and development of Orquidea Aparthotel, a circa 12,000 sq m hotel in the exclusive town of Santa Eulalia on the island of Ibiza. The loan was utilised to purchase this 198 room hotel from a private v...
Friday, 1. December 2017

Report shows „connected living“ expectations of 2020 students

A new report warns that accommodation providers who fail to meet the connected living expectations of the students of 2020 will struggle to attract tenants or risk leaving them ‘isolated’, ‘frustrated’, and ‘angry’. The study, commissioned by Ask4 and carried out by Red Brick Research, explores the attitudes of 3,000 14-16 ye...
Tuesday, 28. November 2017

Axiare Patrimonio acquires an office property in Madrid for €29.7m

Axiare Patrimonio acquires another property, and brings the total value of its property portfolio close to €1,750 million. The Socimi has acquired an office property at Calle Josefa Valcárcel, 40 bis in Madrid, which is currently under construction, for €29.7 million. With this purchase, Axiare Patrimonio bolsters its positio...
Friday, 24. November 2017

Colonial increases its stake in Axiare to 29% and launches a takeover bid

Colonial has acquired an additional 13.3% of Axiare's share capital from former shareholders of the company, including Pelham Capital’s 9% stake, and has launched a voluntary tender offer to acquire the remaining 71.4% of „Axiare Patrimonio Socimi SA “. The consideration offered to shareholders of Axiare consists of €18.50 pe...
Tuesday, 14. November 2017

Investor survey shows Germany and Spain could overtake UK as preferred markets for 2018

A survey of 148 real estate investors conducted by Knight Frank has suggested that both Germany and Spain could overtake the UK as Europe's leading investment market in 2018. The survey was conducted at Knight Frank's annual European Investment Breakfast, attended by 148 senior professionals representing organisations with an...
Tuesday, 7. November 2017
SEVA vehicle acquires the hypermarket premises at L'Aljub Shopping Centre in Elche

SEVA vehicle acquires the hypermarket premises at L'Aljub Shopping Centre in Elche

Southern European Value-Add (SEVA) investment vehicle has acquired the hypermarket premises at L'Aljub Shopping Centre in Elche from Eroski for €18.7m. SEVA is a mandate managed by TH Real Estate for investors TPG Real Estate and Partners Group, with a focus on value-add and opportunistic investments in Southern European reta...
Thursday, 2. November 2017