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Richard D K Turner
Ind. & Logistics
The Spanish retail giant is seeking to compete with Amazon by improving its online business and at the same time making its assets more profitable.
The Barcelona City Council has approved the creation of the Oficina de la Marina, where developers such as AQ Acentor and Culmia, the former SDIN or Solvia have positioned themselves to build up to 12,000 homes.
The Retail Crisis of 2008 Lasted 5 Years As Store Prices Fell by 33%: How Much Could They Fall During this New Crisis?
The Covid-19 crisis has come at a time when the prices of commercial premises have not yet recovered from the previous recession, the consequences of which lasted for five years.
Ind. & Logistics
International companies and funds such as GIC, Prologis, Axa and Allianz are interested in the 600,000-m2 portfolio, which will be sold during the next few days.
In total, property developers and cooperatives are planning to complete 71,825 new-build homes during 2021, spread over 3,342 developments, according to Brainsre, of which almost 15,000 will be located in Madrid.
The health crisis is taking its toll on the time it takes to sell or rent a home in the Spanish capital, although some areas are resisting better than others, according to Brainsre.
Rental Properties No Longer “Fly Off the Shelf” in Barcelona as the Time it Takes to Find a Tenant Increases
It now takes 2.2 months on average to rent out an apartment in Barcelona, up from 1.5 months, according to Brainsre, however, the city still has one of the most liquid rental markets in the country.
Every household in Spain has an average of 42.75 square metres for each inhabitant, with 2.51 people in each home. Ceuta, Melilla, Guipúzcoa and Madrid are the areas with the least space.
Cinven, EQT and Canada Pension Plan Investment (CPPI) have decided to contribute €430 million to the Spanish company, which they acquired in 2016.
The entity has created the company Deva Capital as a vehicle to explore the purchase of damaged assets from financial institutions around the world, according to various financial sources consulted by the newspaper Expansión. Investment banking sources stress that Santander's subsidiary in Brazil already acquires these types of assets from the banks through its real estate servicer.
Brainsre.news interviews five experts in the sector to find out what the effects of the pandemic have been, how investment will evolve, which assets are best positioned and what will happen if there is another outbreak.