Home Companies Mazabi Puts c...

Mazabi Puts c/Recoletos 23 On The Market & Does Not Rule Out Selling its Hotel in Atocha

The Spanish manager has put the office building on c/Recoletos 23 in Madrid up for sale for 12 million euros; furthermore, it does not rule out selling its property in Atocha where it is planning to build a luxury hotel.

In the midst of an ambitious investment plan, which is expected to amount to 460 million euros in 2021, the Spanish family office Mazabi has decided to divest some of its non-strategic assets.

Specifically, the firm which specialises in the management of family-owned real estate assets has put up for sale an office building located on Calle Recoletos 23 in Madrid. The firm expects to receive around 12 million euros from this operation, according to Juan Antonio Gutiérrez, CEO of Mazabi, speaking to Brainsre.news.

Read the full article in Spanish.

B-Exclusives

Increased Demand for Houses in Madrid Leaves Supply at Six-Year Low

The demand for houses in Madrid following the coronavirus pandemic reduced supply by 28% in 2020, with interest concentrated on the city’s periphery. However, Moncloa-Aravaca still has the most detached properties for sale in the capital, according to Brainsre.

Where are the Highest Housing Yields in Madrid and Barcelona?

According to Brainsre, buying a property to let is currently yielding a gross profit of 4.6% in Madrid and 4.1% in Barcelona, the lowest value in the last five years.

A Snapshot of the Spanish Residential Market

Between March and December, the supply of single-family homes fell by 12%, falling twice as quickly as that for flats, due to a sharp increase in demand, according to Brainsre.

Latest news

Crisis Fails to Halt Sales of Commercial Assets: €1.9 billion on the Market

The Covid-19 pandemic led to a decline in investment in retail assets, with a total volume of €2.3 billion, a figure similar to that expected in 2021, according to EY.

Value Retail Invests €50 Million to Renovate Outlet in Barcelona

The remodelling of the Village involved direct investments of €50 million and indirect investments of €7 million, generating up to 170 new jobs.

Aedas Invested €132 Million in Land Last Year

Over the last fiscal year, Aedas, a developer controlled by Castlelake, invested 132 million euros in acquiring land, where it will be able to build up to 1,945 homes.

RLH Opens Rosewood Villa Magna This Year, Invests $110 Million in its Portfolio

The company has set aside 110 million euros to renovate three hotels in its portfolio, including the one located in Madrid.