Friday, August 14, 2020
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The ‘La Ermita de Madrid’ Shopping Centre Makes its MAB Debut as a Socimi

The Socimi Desarrollos Ermita del Santo, owner of the shopping centre of the same name in the historic centre of Madrid, has received the go-ahead for its MAB debut with a valuation of 21 million euros.

A new listed real estate investment company is preparing to make its debut on the stock market in 2020. Following in the footsteps of Home Capital, Gavari Properties and Nextpoint, Desarrollos Ermita del Santo will be the fourth Socimi to go public on the MAB this year (and the fifth company in general).

The real estate company controlled by Alberto Enrique Finol Galué will make its debut on the MAB on 31 July valued at 21 million euros, equivalent to 424 euros per share, whereby becoming the firm with the most expensive shares on that market.

Read the full article in Spanish.


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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