Azora Launches a Fund to Invest €1.5 Billion in Hotels
This fund has raised 680 million euros and has a capacity for up to 1 billion euros in debt. It will be the largest fund specialising in hotels in Europe.
Banco Santander’s Real Estate Strategy
The entity chaired by Ana Botín has launched a takeover bid to acquire a Socimi that owns 680 bank branches valued at 1.85 billion euros for 153 million euros. The deal would allow the bank to reduce the rent penalty on its capital.
Metrovacesa Invests €22 Million in its First Project in Martorell
The property developer owned by Santander and BBVA is launching its first residential project in Martorell (Barcelona) where it has invested 22 million euros in the construction of a complex comprising more than 100 homes.
Kronos Invests €45 Million in its Fifth Project in Cataluña
The property developer is launching its fifth project in Cataluña, specifically in the town of Vilanova i la Geltrú, where it is going to invest 45 million euros in the construction of 176 homes over two phases.
