New Development

The hotel was due to be inaugurated in 2021, but that date has been delayed by a few months due to the negotiation of the terms of the contract between Millenium and Marriott.

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 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.