Thursday, March 23, 2023

Land

The Reuben Brothers Buy 250 Hectares Next to the San Juan Reservoir to Build 650 Homes

The former owners of Santander's Ciudad Financiera have acquired 250 hectares in the Madrilenian municipality of San Martín de Iglesias to build homes and a hotel.
Carmel Drake -

Castlelake’s Project in Majadahonda Experiences a Record-Breaking Delay in the Processing of its Urban Licences

The project backed by the fund Castelake whose objective was to build 240 homes has been paralysed because the current mayor of the town wants to assess whether the sale of the plot was legal.
Carmel Drake -

Acciona Buys 85,000 m2 of Land in Cádiz to Build a Hotel and Homes

The company has purchased 85,000 square metres of land from the company Big Blue for around €20 million and plans to invest €60 million in the project in total.
Carmel Drake -

Madrid Puts 26 Municipal Plots up for Sale for the Construction of 2,000 Affordable Rental Homes

These public plots, which span a buildable surface area of 151,651 square metres, will allow for the construction of more than 2,000 affordable rental homes.
Carmel Drake -
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Res. Rental

Residential Rental Prices Have Risen by 4.14% in Barcelona over the Last Year

The average price of rental housing in Barcelona reached 17.6 euros per square metre in the first quarter of 2020, well above the Spanish average of 10.2 euros per square metre.
Carmel Drake -

NPL & REO

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.
Carmel Drake -
English

Brookfield Acquires Four Selenta Hotels for €440 Million

The Canadian fund acquired 100% of the Selenta hotel chain management group and four of the group's five establishments.
Richard D K Turner -
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