Thursday, August 13, 2020

Edición:Comunidad de Madrid

Zurich Office Puts Building Leased to Madrid Courts Up for Sale

The asset is currently valued at €70 million, but it is believed that the price will drop due to the effect of the Covid-19 pandemic.

Q-Living Acquires 110-Flat Build-to-Rent Project in Madrid

The Qualitas Group fund has acquired a rental housing project under development by the Ingescasa in El Cañaveral, in which it plans to invest some 17 million euros.

Union Investment Acquires Two Assets in Madrid and Brussels

The German fund manager Union Investment has acquired the On Plaza business park in Torrejón de Ardoz and a building in Brussels through its UII EuropeanM fund.

Aberdeen Pays €90 Million For its First Build to Rent Operation in Spain

The fund manager is going to pay 90 million euros for one of the residential projects that Azora owned in the Mahou Calderón area, next to Madrid Río.
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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.

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Santander Plans to Invest €1 Billion in NPLs

The bank is planning to enter the market for non-performing loans as a buyer and is looking to invest €1 billion in the doubtful credit market.

Chenavari Puts its Entire Property Portfolio in Spain Up For Sale

The British investment manager is looking for a buyer for its real estate portfolio in Spain, which is valued at 700 million euros.

Sabadell and Chenavari Receive Offers For Their Portfolios With Discounts of Up To 50%

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%.

The Rental Home Market in Spain Continues to Rise

The gross yield on rental housing stood at 6.81% for multi-family properties and 5.61% for single-family units in Q1 2020, according to data collected by BrainsRe.