Ind. & Logistics
The European property developer and investor group VGP has built a turnkey property for Picking Farma spanning around 14,000 square metres in Lliçà d 'Amunt (Barcelona).
Companies such as Aedas Homes have decided to maintain their payment to shareholders; whereas Neinor and Insur have cancelled theirs to preserve cash.
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The coronavirus crisis is extending the time it takes for landlords to rent their homes in large Spanish capitals, with larger homes suffering a greater impact.
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 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.