Monday, August 10, 2020
Home REITs Santander Lau...

Santander Launches a Takeover Bid for 100% of Uro Property, Worth €180 Million

The bank has approached the majority shareholder, Luxembourg-based company Ziloti, and the other shareholders to offer to buy their stakes in the Socimi, which owns 700 bank branches.

Banco Santander has launched a takeover bid for the share capital that it does not control in the Socimi Uro Property, which is currently listed on the MAB.

The financial institution chaired by Ana Botín has already reached an agreement with Uro’s majority shareholder, Luxembourg-based company Ziloti Holding, to acquire the 84.66% stake that said company owns in the Socimi. The purchase of its 3.8 million shares will be completed at a price of around 40.047 euros per share, which will see Santander pay Ziloti around 152.5 million euros.

Read the full article in Spanish.


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.

The Supreme Court Annuls the Requirement to Notify the Treasury about the Transfer of Housing for Tourist Use

The High Court has annulled the article that regulated the obligation to inform the Treasury about the transfer of housing for tourist use by applying a ruling from the European Court of Justice regarding Airbnb.

In Which Municipalities Do Britons in Spain Choose to Live?

More than 250,000 Britons reside in Spain, mainly in towns along the Mediterranean Coast where, in some cases, they outnumber the Spanish population.

A Dozen Property Developers Lead the Construction of Luxury New Homes on the Costa del Sol

High profile property developers, such as Aedas and ASG Homes, are sharing a leading role with local companies in an area where homes can cost more than one million euros.

Latest news

The CNMV Issues Alert Concerning Countries’ Restrictions on Spanish Tourism

The market regulator has issued a warning concerning potential adverse consequences that the new restrictions imposed by some countries on tourists travelling to Spain may cause.

New Logistics Buyers Snap Up More than Half a Billion Euros in Acquisitions Despite the Pandemic

In the months between April and June 2020, amid the pandemic lockdown, buyers completed purchases of logistics assets worth a total of 140 million euros. Buyers include funds such as Blackstone, Segro, Hines, Goodman and Nuveen.