Sunday, November 1, 2020
Home Prop-Tech Lar España Ex...

Lar España Extends its Share Buyback Program Until April 2021

The listed company has extended the share buyback program that it launched in January to reduce the Socimi's capital by 5% for six more months.

The Socimi Lar España has decided to continue the share buyback program that it currently has underway until 14 April 2021, as reported to the National Securities Market Commission (CNMV).

This means that the company is extending the terms of the buyback program that it launched in January and that was originally due to run until 14 October of this year for six more months.

Read the full article in Spanish.

B-Exclusives

What Is the Nursing Home Sector Like in Spain?

In Spain, there are 363,581 beds in nursing homes, which are asymmetrically distributed across the country. The province of Barcelona has a shortage of 11,124 units; whilst Madrid needs to add another 5,220 beds to its supply.

Which is the Most Dynamic Neighbourhood in Madrid Post Covid?

Tetuán has become one of the most sought-after neighbourhoods in Madrid capital, thanks to its competitive prices and the emergence of new projects. However, coronavirus is weighing down on the market, especially when it comes to rental properties.

Property Developers Expect to Handover 20,500 New Homes Before 2021

In the three remaining months of the year, property developers expect to finish 20,551 homes in Spain, distributed across 1,061 developments, several of which will comprise hundreds of units.

The Aging Spanish Population: a Gold Mine for the Real Estate Sector

By 2050, 31.4% of the population in Spain will be aged over 64 years due to aging and a longer life expectancy. The supply of nursing homes for the elderly will need to double its capacity to keep pace.

Latest news

Neinor Earns 13% Less and Finalises Land Purchases for 2,000 Homes

During the first nine months of the year, the property developer led by Borja García-Egotxeaga generated a net profit of 22 million euros, down by 13%, and revenues of 197 million euros.

Sabadell Sells a Portfolio of Toxic Assets to Tilden Park for €60 Million

The bank chaired by Josep Oliu is finalising the sale of a portfolio containing around 1,000 non-performing loans to SMEs with real estate guarantees, whose original combined appraisal value was 300 million euros.

NH Prepares the Sale of a Hotel Portfolio for €200 Million

The Spanish hotel chain is working with investors to analyse the sale of up to five hotels located in different European countries.

Limehome Debuts in Spain with the Aim of Managing 1,000 Tourist Apartments

Covid is not stopping the plans of the German tourist apartment group Limehome, which is debuting in Spain with its first project in Granada whilst negotiating dozens of other operations in several Spanish cities.