The Covid-19 pandemic has led the authorities to impose restrictive measures on the population that have had an impact on the real estate sector.
The British firm is negotiating with the Socimi regarding the purchase of 22 supermarkets occupied by Eroski, which together span a gross leasable area of 28,000 m2.
The assets are located in the País Vasco, Cantabria and Castilla y León.
Ind. & Logistics
The supermarket chain will invest around 75 million euros in this project, whose launch is scheduled for the end of 2021.
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The health crisis is taking its toll on the time it takes to sell or rent a home in the Spanish capital, although some areas are resisting better than others, according to Brainsre.
Rental Properties No Longer “Fly Off the Shelf” in Barcelona as the Time it Takes to Find a Tenant Increases
It now takes 2.2 months on average to rent out an apartment in Barcelona, up from 1.5 months, according to Brainsre, however, the city still has one of the most liquid rental markets in the country.
Every household in Spain has an average of 42.75 square metres for each inhabitant, with 2.51 people in each home. Ceuta, Melilla, Guipúzcoa and Madrid are the areas with the least space.
The Retail Crisis of 2008 Lasted 5 Years As Store Prices Fell by 33%: How Much Could They Fall During this New Crisis?
The Covid-19 crisis has come at a time when the prices of commercial premises have not yet recovered from the previous recession, the consequences of which lasted for five years.
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.