According to data from Savills Aguirre Newman, Spain was the second-largest hotel investment market in the year to March, with investments of 400 million euros, behind only the United Kingdom, with 746.5 million euros.
Bankinter offered close to €1.2 billion, surpassing Brookfield’s bid, the other finalist in the race for the portfolio.
According to the General Council of Notaries, mortality increased by 75.5% year-on-year, a one-off because of the comparison with the beginning of the pandemic in March 2020.
Between January and April, there were 738 transactions on the Spanish corporate market, a growth of 190%. The real estate sector was the most active, with 151 deals.
In a year marked by the pandemic, real estate consultancies, law firms, and the Big Four spared no effort chasing large transactions of all types of assets. Brainsre.news took a look at who was involved in the most important ones.
The student residence, which has a surface area of 6,800 m2 and 250 beds, will be operated by RESA.
Worldwide, luxury housing prices rose by 4.6%, with three Chinese cities in the lead, according to Knight Frank’s “Prime Global Cities Index.”
The company paid 10.3 million euros for a 4,300-square-metre office building in the 22@ district.
Logista will eventually occupy the logistics warehouse, comprising a surface area of more than 47,000 m2, with the option to add a further 47,000 m2 within a year.
The developer Sierra Blanca Estates has pre-sold 70% of the units in phase 2 of Epic, its prime project on Marbella's golden mile.
Mountpark’s 371,612-square-metre portfolio of real estate in the UK, France and England was sold for €540 million.
The four funds and the real estate services firms are expected to submit bids of between €600 million and €800 million.
According to data from the Bank of Spain, the figure is €3.711 billion more than the figure for the end of 2020.
Safestore Ups Investment in Storage Rooms through Acquisition of Four Assets in Madrid and Barcelona
The company arrived in Spain in 2019, when it acquired Oh My Box for 17.25 million euros.
According to Savills, food is the new haven for the retail sector, with 21% of total activity in Europe, up from an average of 7% in the previous five years.
The real estate agency ended 2020 with sales of €410 million, down slightly from 2019 (€470 million), mainly due to the lockdown.