Retail
Companies
Kennedy Wilson Obtains Approval to Transform Puerta del Sol 9
The company has obtained initial approval for the modification of the Special Plan to transform the building from residential to commercial use.
Companies
Another Fair Delayed by Covid: Spain’s Largest Shopping Centre Event Postponed Until 2021
The Spanish Association of Shopping Centres and Retail Parks (AECC), which celebrates its 40th anniversary this year, has suspended its annual conference, which was scheduled for 30 September to 2 October, and moved it to the beginning of June 2021.
Retail
Construction Will Begin on WAY Ourense in December After the Commercial Licence is Awarded
The Kronos property division has obtained the license for its Way Ourense commercial project, which is scheduled to open in 2021.
Retail
Hard Rock to Open in Preciados After Closing its Legendary Venue in Madrid this Summer
The firm, which was forced to close its restaurant in the Plaza de Colón this summer, has acquired premises spanning 215 square metres next to Puerta del Sol for a new store concept.
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B-Exclusives
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.
Madrid Backs Luxury Housing to Curb the “Suburb Effect” of the Pandemic
Moncloa and Chamberí overtake the neighbourhood of Salamanca as the districts with the most expensive new build homes in the capital, whilst in Moratalaz there are no new build homes on the market.
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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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.