Hotel Crisis Turns Spain into Europe’s Second Largest Investment Market
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.
Inditex to Close 56 Stores in Spain this Summer
Most of the stores that will close are located in Andalusia, Madrid and Catalonia, while the most affected brands are Oysho, Stradivarius and Zara Home.
Bankinter Acquires Montepino’s Logistics Portfolio for More Than 1 Billion Euros
Bankinter offered close to €1.2 billion, surpassing Brookfield’s bid, the other finalist in the race for the portfolio.
Housing Sales Soar 83.7% in March as Prices Adjust by 4.7%
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.
Real Estate Sector Leads the Market in Transactions up to April
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.
The Advisors on the Most Important Real Estate Deals of 2020
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.
Urbania Sells Student Residence in Madrid to Greystar, AXA and CBRE GI
The student residence, which has a surface area of 6,800 m2 and 250 beds, will be operated by RESA.
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Luxury Housing Prices in Madrid Up By 1% in Year to March
Worldwide, luxury housing prices rose by 4.6%, with three Chinese cities in the lead, according to Knight Frank’s “Prime Global Cities Index.”
Meridia Acquires Office Building in 22@ from Zurich
The company paid 10.3 million euros for a 4,300-square-metre office building in the 22@ district.
Logistics Investments Reach €164 Million in 1Q21 Due to Land Purchases
According to the report by Colliers, 60% of the transactions were related to land.
Merlin Initiates Its First Turnkey Project at Cabanillas Park II for Logista
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.
Sierra Blanca Sells 70% Of Its Luxury Homes in Marbella, Earning €65 Million in 3 Months
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.
JP Morgan Buys European Logistics Portfolio from Mountpark for $540 Million
Mountpark’s 371,612-square-metre portfolio of real estate in the UK, France and England was sold for €540 million.
Blackstone, PAI, Centerbridge, CVC and JLL Bid for Tinsa
The four funds and the real estate services firms are expected to submit bids of between €600 million and €800 million.
Santander, Caixabank and BBBVA Have More Than €9-Billion in Loans Under Moratorium
According to data from the Bank of Spain, the figure is €3.711 billion more than the figure for the end of 2020.
GLP Acquires 24,500M2 of Logistics Land in Barcelona
The firm will build a logistics warehouse with a storage capacity of 13,900 square metres on the plot.
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.
Spain Is Now Europe’s Third Largest Market for Supermarket Investments
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.
Demand Strong in Mallorca’s Premium Property Market, Says Engel & Völkers
The real estate agency ended 2020 with sales of €410 million, down slightly from 2019 (€470 million), mainly due to the lockdown.
