Metrovacesa and Merlin announced the biggest merger on the Spanish real estate market.

Metrovacesa and Merlin will merge to create a real estate giant with total assets worth over 9,300 million euros. Santander Bank will be the largest shareholder of the new group. Santander, BBVA and Popular, major shareholders of Metrovacesa, have agreed to merge it with Merlin Properties. The result of the operation will be the creation […]

Starwood will invest 500 million euros in hotels acquisitions in Spain

The US investment group Starwood Capital has partnered with HI Partners, a subsidiary of Banco Sabadell, to invest 500 million euros in buying hotels in Spain over the next three years. Starwood and HI Partners will create a joint venture that will specialize in the acquisition of hotel assets located in major tourist areas such […]

Bankia puts on sale commercial premises with huge discounts

Bankia has launched a campaign that will run until the end of April to accelerate the sale of its real estate assets. Bankia has put on sale more than 500 commercial premises, located mainly in large cities, with discounts that can reach 40%. These properties include 220 premises in Valencia, 170 in Catalonia, 70 in the Canaries […]

Real estate fund Trajano buys a business park in Madrid

Trajano Iberia, the real estate fund managed by a division of Deutsche Bank, has acquired the “Isla de Manoteras Business Park” in Madrid for 44.3 million euros. Located on Avenida de Manoteras 48, the asset has a leasable area of ​​13,442 m2 and 274 parking spaces. The property is located north of Madrid, in the business […]

Chinese investment in European commercial real estate rises

Chinese investment into European commercial real estate reached €8.5bn last year, a 22% increase on 2014, according to Cushman & Wakefield. Despite increased domestic volatility and slowing economic growth, Chinese investors have taken a broader approach and been active in a wider range of property types and geographies, it said. Nigel Almond, head of capital […]

Positive outlook for Spanish real estate market in 2016

The Spanish economy is currently displaying stronger growth than most of its peers in Western Europe. The country has left the doldrums of its post-2008 economic misery, and its property sector has kept pace with the more general recovery. International core investors are once again turning their attention to Iberia. “Looking back, 2014 was the […]

Eroski sells 36 hypermarkets to Carrefour

Eroski, the Basque distribution group, has reached an agreement for the sale of a package of 36 hypermarkets to the distribution chain Carrefour for a maximum amount of 205 million euros. The sale, which is included into the Eroski’s Strategic Plan, is expected to have a positive impact on the group’s profitability in the medium term. The […]

CBRE Global Investment Partners acquired two shopping centres in Madrid

CBRE Global Investment Partners (GIP), in joint Venture with IBA Capital Partners, has acquired from Zambal Spain Socimi two prime high street retail assets in Madrid – the ABC Serrano Shopping Centre on Serrano Street and a high street retail building located on Preciados Street. The JV is re-positioning ABC Serrano and undertaking extensive refurbishment […]

3Q 2015 foreign investment data released

According to the data released by the Spanish Trade Ministry, foreign investment in Spain in the period from January to September 2015 increased by 42.9% to 15.763 billion euros, excluding divestment. Net foreign investments showed 25.7% growth to 11.230 billion euros in comparison with 2014. The biggest inflow of the foreign investments was recorded in […]

New office leasing picks up in Madrid

According to the recently published CBRE report, companies in Europe have signed new leases for office space in 2015 at a faster rate than at any time since the start of the 2008 financial crisis. Madrid, Berlin, Prague and Warsaw are among the cities pushing vacancy levels down.