Sunday, September 27, 2020
Home Coronavirus FREO Sells an...

FREO Sells an Office Building in Citypark Cornellà for €4 Million

The investment manager and property developer has sold the building near Barcelona to a private investor, in the midst of the Covid-19 crisis.

The property sold is located in the Citypark Cornellà business park, close to Barcelona.

The investment manager and property developer FREO has sold a property located in the Citypark business park, near Barcelona, in the midst of the Covid-19 crisis, to a private investor. It represents another example of the interest that the office sector is continuing to arouse amongst investors.

The half year-end always culminates with sale-and-purchase operations as companies vie to fulfil investment plans and portfolio rotations. Although this year, fewer transactions have taken place, as players wait to see the impact of the crisis, that has not prevented Socimis such as Árima from sealing deals. Last month, it purchased an office project on the last available plot of land in Manoteras for 40 million euros.

Read the full article in Spanish.


The Details of the 102 Residential Plots Being Sold by the Community of Madrid

The regional government is going to put 240 publicly owned plots up for sale, of which 102 are for residential use. The jewel in the crown is a plot spanning more than 32,000 m2 in the heart of the Salamanca district.

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.

Latest news

Lidl Expands its Logistics Capacity in Spain with a New Project in País Vasco

The supermarket chain will invest around 75 million euros in this project, whose launch is scheduled for the end of 2021.

Avintia and Cemex Launch the First Factory for the Industrialised Construction of Homes in Spain

The companies have launched the first factory for the industrialised construction of homes in Spain in Carabias (Segovia), which will have a production capacity of around 1,000 homes per year.

Burberry Chooses Málaga to Open its Third Outlet in Spain

Across Spain, Burberry operates five establishments, including its own stores and concessions in department stores.

Madrid Sees a Boom in the Construction of New Homes in Berrocales, La Solana and Campamento

1,393 homes are planned for La Solana; 4,500 for the first phase of Berrocales, with more than 22,000 forecast by 2034; and 10,500 in Campamento, with a significant percentage of protected homes in each location.