Sunday, November 29, 2020

Hotel

The Junta de Andalucía to Invest €411 Million to Promote 3 Luxury Hotels in Marbella

The Junta de Andalucía has commissioned the Accelerator Unit for Projects of Strategic Interest in Andalucía to boost the construction of three hotels in Marbella with an investment of 411 million.

Badi Negotiates With 4 Hotel Companies to Incorporate 400 Rooms into its Rental Supply

The proptech is finalising agreements with four hotel chains to add up to 400 hotel rooms to its medium and long-term rental offer.

Santander and Blackstone Put a Large Portfolio of Hotel Debt Up For Sale

Through their JV Quasar, the companies have launched the sale of a portfolio of loans from Banco Popular consisting of seven hotels and a shopping centre.

Hotel Occupancy Rates Plummet by 83% in October

The low occupancy rates have led to a decrease in prices, which are down by 15.3% compared to October 2019, according to data from INE.
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B-Exclusives

Rental Prices Fall by More Than 12% in Madrid and Barcelona, According to Brainsre

The coronavirus crisis is extending the time it takes for landlords to rent their homes in large Spanish capitals, with larger homes suffering a greater impact.

Madrid’s Salamanca Neighbourhood Resists Covid With No Price Decreases

The prices of commercial premises and homes for sale in the prestigious Madrid neighbourhood have remained stable; whilst the price of residential rental properties fell by 5% in the third quarter.

The Prices of New Homes Resist Covid and Continue to Rise

New build apartments in the Balearic Islands cost more than 580,000 euros on average; meanwhile, in Madrid, they cost 412,000 euros and in Castilla La-Mancha you can buy one for 122,147 euros.

The 22@ District, the Epicentre of Barcelona’s Real Estate Market

22@ is one of the most sought-after areas in Barcelona: large developers are building new residential projects and the district has the second highest prices for leasing office space in the city.

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.

The Impact of Coronavirus on the Spanish Real Estate Market, According to the Experts

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.

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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.