The Socimi has acquired a nursing home for the elderly in the province of Barcelona for which it is going to pay 3.78 million euros.
Ind. & Logistics
The German multinational has invested more than 22 million euros in a new logistics centre that it has inaugurated in the Barcelona municipality of Montornès del Vallès.
The Quarterly Report on the Real Estate Market in Cataluña commissioned by estate agents reveals that 15,168 homes were sold in the region between July and September.
The Swedish company has acquired 37 GM Food assets, mainly located in Madrid and Barcelona, under the sale & leaseback formula, for 152 million euros.
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The prices of commercial premises and homes for sale in the prestigious Madrid neighbourhood have remained stable; whilst the price of residential rental properties fell by 5% in the third quarter.
New build apartments in the Balearic Islands cost more than 580,000 euros on average; meanwhile, in Madrid, they cost 412,000 euros and in Castilla La-Mancha you can buy one for 122,147 euros.
22@ is one of the most sought-after areas in Barcelona: large developers are building new residential projects and the district has the second highest prices for leasing office space in the city.
The average residential rental price in Spain reached 10.2 euros per square metre per month in the third quarter of 2020 and so prices remain at record highs despite the Covid-19 crisis.
The Qatari group, which owns the Alicante-based construction company Ecisa, has given up half of its stake in exchange for shares in the listed real estate company.
The sale of the first two portfolios post-Covid in Spain reflects the fears of the international funds, which are making offers with average discounts of 20%.
International investment firms such as Fortress, Bain Capital and Bayview are opting to look for potential investments in southern European markets outside of Spain, putting operations such as the sale of NPL's in Santander and Sabadell on hold.