Spanish property group Metrovacesa has partnered with Tishman Speyer to develop a €87.6m project in Madrid known as Monteburgos Project. Metrovacesa said it will hold a 24% stake in the project, with the US investment manager, which comprises of 56,652sqm of land.
Read MoreBanks in Spain are financing developments again
The development financing of a shopping scheme in the country demonstrates banks’ returning appetite for real estate debt. There are signs Spain’s banks are prepared to finance commercial real estate activity that had been considered off-limits after the global financial crisis.
Read MoreOPTIMUS GLOBAL INVESTORS ADVISES M&G ON THE PURCHASE OF 2 RETAIL UNITS ON GRAN VIA, MADRID
M&G Real Estate has invested a further €80m in European commercial and industrial property, with the acquisition of two industrial and two retail assets in Spain.
Read MoreValue-add: Is it actually less risky than core?
Investors are moving up the risk curve to take on more value-added exposure. But some argue that this is mitigating risk instead.
Read MoreBlackstone Bets Big on Spanish Hotels
Blackstone Group LP is seeking to become the largest hotel owner in Spain and double down on its multibillion-dollar bet on the country’s robust economic recovery and booming tourism industry.
Read MoreCarmila Expands in Spain with the Acquisition of Six Shopping Centres for €182 Million
Carmila is expanding its presence in Spain with the acquisition of six shopping centres from the Pradera European Retail Fund. All the shopping centres are adjacent to a powerful Carrefour hypermarket and are either leaders or co-leaders in their catchment area.
Read MoreOPTIMUS GLOBAL INVESTORS ADVISES DURO FELGUERA ON THE SALE OF TWO MADRID OFFICE BUILDINGS
Signal Capital Partners has completed the acquisition of two office buildings in Madrid from Duro Felguera in a partial sale & leaseback transaction. Optimus Global Investors acted as sole advisor instructed by the vendor.
Read MoreEuroinvest acquires core Madrid office asset
UBS Real Estate GmbH has acquired the Titán 8 office asset in Madrid, Spain on behalf of the UBS (D) Euroinvest Immobilien fund. This transaction represents Euroinvest’s debut investment since the fund’s recent strategic relaunch.
Read MoreLar España acquires the Rivas Futura retail park for €62 million
Lar España Real Estate Socimi S.A. (LRE), the listed real estate investment company, has acquired the Rivas Futura retail park in Madrid for EUR 62 million. Hence, it becomes the socimi's first large retail asset in Madrid and it reinforces Lar España’s retail portfolio.
Read MoreKLÉPIERRE ANNOUNCES THE DISPOSAL OF TWO RETAIL MALLS FOR €212M
Klépierre, the leading European shopping center platform, signed an agreement for the disposal of two retail malls for a total consideration of €212.2 million (including transfer duties) to Carmila. The closing of the transaction is expected to occur in the Q1 this year.
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Ares, Redevco JV buys majority stake in Parque Corredor mall
Ares Management and Redevco’s Iberian joint venture has acquired a majority stake in Parque Corredor shopping centre in the capital of Spain for €140m. Redevco Iberian Ventures said it has bought more than 70% of the gross leasable area in the Parque Corredor shopping centre in Madrid.
Read MoreUnion Investment acquires retail property from Thor Equities in the heart of Madrid
Union Investment has acquired a high street property from Thor Equities comprising some 1,320 sq m of rental space in one of Madrid’s main shopping streets. Built in 1900, the five-storey building at Calle de Fuencarral 16 was completely refurbished in 2017. The long-term tenant occupying the entire property is the H&M Group.
Read MoreInditex sells portfolio of 16 stores to Deka for about €400M
Inditex has selected German fund Deka Immobilien to sell the portfolio of 16 stores that were put on sale last December for about €400 million, according to "El Confidencial". The transaction is scheduled to close this week, which will allow the owner of Zara, Massimo Dutti and Bershka, among other brands, to include this divestment in the results for the year 2017.
Read MoreBain Capital buys developer Habitat for €220M
US venture capital firm Bain Capital has closed the purchase of Catalan developer Habitat Inmobiliaria. The amount of the operation could be around €220 million, according to sources close to the operation, who have indicated that other funds, such as Oaktree or Apollo, had also been interested in the developer.
Read MoreBarings acquires fully-let Berceo Shopping Centre in Logroño in La Rioja, Spain
Barings Real Estate Advisers, part of Barings LLC, one of the world’s largest diversified real estate investment managers, announces that it has acquired the Berceo Shopping Centre in Logroño in La Rioja, Spain from Retail Property Fund Iberica (RPFI), managed by CBRE Global Investors .
Read MoreColonial will develop in Madrid the largest office complex inside the M30
Colonial started 2018 with the execution of the Alpha-III Project, which includes the acquisition of five assets (four in Madrid and one in Barcelona), with an expected total investment of €480 million. Colonial will develop more than 110,000 sq m of office space in the south of Madrid and has acquired in addition two Grade A assets in new business areas of the capital.
Read MoreCerberus Is Said to Weigh IPO for Spanish Property Firm Haya
Cerberus Capital Management LP is considering an initial public offering for Haya Real Estate to tap into a resurgence of investor interest in Spain’s property market, according to people familiar with the matter.
Read MoreReal estate investment in student residences in Spain increased 10-fold in 2017
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.
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