The volume of real estate investment in student residences soared in 2017, adding up to a total of €560 million at the end of the year, compared to only 50 million transacted in 2016.
Read MoreBankinter prepares the launch of a hotel socimi
Bankinter has begun to offer its private banking clients the option of participating in a listed real estate investment company (socimi) with hotels spread across Spain of 4 and 5 stars.
Read MoreHispania acquires from Barceló Group its 24% stake in its subsidiary BAY
Hispania has signed an agreement with Barceló Group to acquire its 24% stake in Bay Hotels & Leisure SOCIMI, S.A.; known as BAY, as well as to terminate the Shareholders Agreement relating to BAY and to amend certain terms of the Investment Agreement between both parties.
Read MoreOaktree buys €150m of Spanish NPLs
Oaktree Capital Management has bought a portfolio of non-performing loans with a nominal value of €150 million from Sareb, Spain’s ‘bad bank’. The portfolio, dubbed Project Tambo, contains loans made on residential assets and plots of land.
Read MoreReal Estate Debt in 2017
The attraction of real estate debt as an asset class increased this year, although so did the difficulty deploying the capital. And so another year draws to a close. As far as European real estate finance was concerned, 2017 was interesting, if nowhere near as tumultuous as 2016.
Read MoreHispania sign an agreement to acquire a portfolio of 7 hotels from Alua Hotels & Resorts for EUR165m
Hispania has signed a purchase option with European private equity firm Alchemy for the acquisition of seven hotels of the chain Alua Hotels & Resorst for a total of EUR165 million. The transaction is expected to be completed by the end of February 2018.
Read MoreA Decade After Bubble, Spanish Real Estate a Hot Buy Again
Spanish real estate is hot property once again. Investment in malls, warehouses, hotels and offices is this year set to reach the highest since 2007, just before the bursting of a decade-long property bubble tipped the economy into the worst slump in the nation’s democratic history.
Read MoreAXA IM-RA buys Spanish residential portfolio for €170m
AXA Investment Managers-Real Assets has completed the acquisition of an 850 unit Spanish residential portfolio, from Goldman Sachs and B Capital, for around €170m. AXA IM-RA said it acquired the 65,000sqm portfolio on behalf of clients.
Read MoreBest wishes from the Optimus team. May 2018 even be better than 2017.
The team at Optimus Global Investors wishes you peace, joy and prosperity throughout the coming year. Thank you for your continued support and partnership. We look forward to working with you in the years to come.
Spain shines as Southern Europe’s star performer with cross-border capital driving investment volumes to post crisis peak
Spain has been leading the recovery of Southern Europe’s commercial real estate market since the Great Financial Crisis (GFC), due to continued interest from foreign investors who have been responsible for 62 percent of all commercial real estate investment activity so far this year. Investment volumes are looking to hit €8.9 billion ($10 billion) this year, a year-over-year increase of 5 percent, and a post GFC record.
Read MoreResidential Finance: The Spanish revival
Residential development in Spain is back, with banks again willing to provide finance and reckless lending a thing of the past.
Cranes on the skylines of Spanish cities, such a prevalent feature a decade ago, are returning. With housing demand picking up, Spanish developers are once more establishing pipelines and breaking ground at a quickening pace.
Read MoreBankinter sells €436 million in toxic assets to Axactor
Bankinter has closed the sale of the largest package of toxic assets of the entire crisis: the so-called 'Champions League Project', with unpaid loans valued at €436 million, which was awarded to the Norwegian fund Axactor.
Read MoreColonial secures €416 million for Axiare takeover
Inmobiliaria Colonial has secured €416 million to fund its takeover bid of Axiare Patrimonio Socimi. Colonial, which already owns nearly 29 percent of Axiare’s capital, launched the bid earlier in November to secure the remaining 71 percent.
Read MoreColonial given €800m liquidity boost ahead of Axiare takeover
Colonial Group has raised €800m through a bond issue as it looks to acquire rival real estate invesmtent trust (REIT) Axiare Patrimonio. The Spanish REIT, or Socimi, issued senior unsecured notes of €500m with an eight-year maturity and €300m with a 12-year maturity.
Read MoreAxiare Patrimonio acquires an office property in Madrid for EUR 29.7 million
Axiare Patrimonio acquires another property in line with its strategic business plan and brings the total value of its property portfolio close to EUR 1,750 million. The Socimi has acquired an office property at Calle Josefa Valcárcel, 40 bis in Madrid, which is currently under construction, for EUR 29.7 million.
Read MoreBarings buys logistics warehouse in Spain from Deka for €17.6m
Barings Real Estate Advisers has acquired a logistics unit in Spain from Deka Immobilien for €17.6m. The real estate investment manager said the 29,000sqm class A warehouse, in Zaragoza, is fully let to Eroski, a national supermarket chain, until 2021.
Read MoreSpanish REIT merger could create €10bn prime office landlord
Colonial Group has launched a takeover attempt of rival Spanish-listed property company Axiare Patrimonio. A takeoever would lift Colonial’s asset value to €10bn and consolidate its standing as a landlord of prime office assets in Paris, Madrid and Barcelona.
Read MoreMeridia Capital acquires Barnasud shopping centre in Barcelona for €35 million
Meridia Capital Partners has tapped its third fund to buy the Barnasud shopping centre in Barcelona in a €35m deal. The firm said it plans to carry out a €7m capital expenditure programme in the asset, which was built in 1995 by food retailer Caprabo and sold to Unibail in 2002.
Read MoreHNA May Check Out of Spanish Hotel After Getting Kicked Out
HNA Group Co.’s precarious grip on a $2.2 billion Spanish hotel company is in doubt as a mountain of debt comes due and China puts the squeeze on its most prolific acquirers. The Chinese conglomerate, whose assets include a quarter of Hilton Worldwide Holdings Inc., owns about 30 percent of Madrid-based NH Hotel Group SA. But HNA is in Spanish limbo.
Read MoreCopenhagen and Madrid Join Top German Cities as Best Bets for Real Estate Investment and Development in 2018
Copenhagen and Madrid will join the ranks of Berlin, Frankfurt, and Munich as the top cities for real estate investment and development in 2018, according to Emerging Trends in Real Estate® Europe 2018. The annual forecast, published jointly by the Urban Land Institute (ULI) and PwC, is based on the opinions of over 800 real estate professionals in Europe, including investors, developers, lenders, agents, and consultants.
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