market Market News: Spanish Real Estate Intelligence

Grupo Lar Buys a Logistics Plot in Alcalá de Henares

21 January 2020 - Eje Prime

Grupo Lar has acquired a plot of land spanning 113,000 m2 in Alcalá de Henares (Madrid) for the development of a logistics complex measuring 60,000 m2. The property, which is going to be split into two warehouses, will be leased, in part, by the previous owner of the land, Toys'R'Us Iberia. Lar expects the first of the asset to be operational by 2021.   

Original story: Eje Prime

Translation/Summary: Carmel Drake

Aberdeen Standard Buys a Cross-Dock Logistics Centre in Coslada

16 January 2020 - C de Comunicación

Aberdeen Standard Investments has purchased a logistics centre in the Madrilenian municipality of Coslada for €9.14 million. The asset is leased in its entirety to DHL and reportedly generates a return of just over 5.25%.

The property, which spans a surface area of 6,785 m2 (including 1,892 m2 of office space), is situated in a strategic location for last-mile logistics just 15km from the centre of the capital and 1km from Barajas airport. It operates as a cross-dock warehouse, with loading bays on both sides.

Original story: C de Comunicación 

Translation/Summary: Carmel Drake

Euronext Access Vies With MAB for Socimis
11 December 2019 – Euronext Access is increasingly competing for listings of socimis with Spain’s Alternative Market (MAB). The stock exchange is comparable to the MAB in that it is aimed at companies with smaller capitalisations. Euronext, however, has the added benefit of lower costs and requirements. Those benefits, together with Euronext’s pan-European reach (with a presence in Belgium, France, Ireland, the Netherlands, Portugal, Norway and the United Kingdom), are leading a growing number of socimis to opt for a listing in Paris instead of in Madrid. Armabex, a specialist firm in placing socimis in the MAB, is currently working with ten firms looking to debut on the French stock market in 2020. The president of the firm predicts that 20 or 25 Spanish socimis will opt for a listing on Euronext next year. If that turns out to be true, it would be a major blow to the MAB. Since 2013, ninety-one socimis have listed in Spain, and seven of those are already trading on Euronext Access. Original Story: El Confidencial - Ruth Ugalde Photo: Reuters Adaptation/Translation: Richard D. K. Turner