Sunday, September 27, 2020

Alternative Assets

BCN World Project on Tenterhooks Post Coronavirus

Incasòl will advance 96 of the 120 million euros (80%) to buy the land where the BCN World macro-complex, now converted into Hard Rock Entertainment World, is due to be located.

Spain’s Treasury to Sell Properties in Barcelona Worth €70 Million

The Barcelona Economic and Financial Office announced that it would hold an acution to sell an array of real estate assets, including several retail premises, a petrol station and up to 500 parking spaces, aiming to raise at least million euros.

Blackstone Launches the First Online Parking Space Management Company in Spain

The servicer Aliseda, controlled by Blackstone, and Hola Pisos have launched TuGaraje.com, a portal to help drivers search for parking spaces. The platform contains more than 7,000 parking spaces distributed across the country.

Santander Launches a Takeover Bid for 100% of Uro Property, Worth €180 Million

The bank has approached the majority shareholder, Luxembourg-based company Ziloti, and the other shareholders to offer to buy their stakes in the Socimi, which owns 700 bank branches.
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B-Exclusives

The Details of the 102 Residential Plots Being Sold by the Community of Madrid

The regional government is going to put 240 publicly owned plots up for sale, of which 102 are for residential use. The jewel in the crown is a plot spanning more than 32,000 m2 in the heart of the Salamanca district.

How Covid is Affecting House Prices: Map of the Decreases by District

The coronavirus crisis is causing house price decreases of up to 70% in some municipalities in Castilla La-Mancha, the Community of Valencia and Andalucía.

Property Developers Launch Large Urbanisations Post-Pandemic

Between April and August, work began on 996 developments in Spain with the ten largest comprising 1,691 homes. Of those ten, which are located in Madrid, the Basque Country, the Community of Valencia and Andalucía, four are being built by Amenabar.

Fearless Despite the Crisis: Property Developers Start Work on More than 27,000 New Homes Since April

Between April and August, work began on a total of 996 developments and 27,882 homes in Spain, according to data from the real estate big data platform Brains RE, with Amenabar, Habitat and Aedas the most active players.

Top News

Brainsre.news: What Happened in April 2020?

The impact of coronavirus defined the real estate market in April, although operations were actually closed in the commercial and logistics markets and new projects were announced in Madrid and Málaga.

Hotelbeds Receives a €430M Injection from 3 Funds to Head Off the Risk of Bankruptcy

Cinven, EQT and Canada Pension Plan Investment (CPPI) have decided to contribute €430 million to the Spanish company, which they acquired in 2016.

Santander Explores How to Securitise NPLs Through Deva Capital

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.

Population Density is Not an Enemy in the Fight Against Coronavirus: Here is the Evidence from China and Spain

In regions such as Soria, Segovia, La Rioja and Albacete, the number of people infected by coronavirus per 100,000 inhabitants exceeds one thousand, which is higher than the rates in other areas where the population density is higher such as Madrid and Valencia.

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by the editor

Hotelbeds Receives a €430M Injection from 3 Funds to Head Off the Risk of Bankruptcy

Cinven, EQT and Canada Pension Plan Investment (CPPI) have decided to contribute €430 million to the Spanish company, which they acquired in 2016.

Brainsre.news: What Happened in April 2020?

The impact of coronavirus defined the real estate market in April, although operations were actually closed in the commercial and logistics markets and new projects were announced in Madrid and Málaga.

Santander Explores How to Securitise NPLs Through Deva Capital

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.