The property asset management company will use its office building on Calle Costa Brava as its headquarters, beginning at the end of this year, as begins consolidating its commitment to teleworking.
Average housing prices in Spain will fall by between 8% and 10% this year due to the coronavirus pandemic, while transactions will fall by 25%, according to the real estate website donpiso.
The group has created a real estate unit to sell assets and promote for third parties, as well as enhancing its logistics portfolio and reducing its debt of €2.729 billion.
The Spanish market is home to more than 90 listed real estate investment companies. Those firms have multiplied the value of their assets in the years since 2013, growing from €100 million then to 46 billion euros today, according to the Bank of Spain.