offices Market News: Spanish Real Estate Intelligence

The insurer has acquired the Altamar office building, spanning 5,219 square metres, which is located in the Madrilenian town of Alcobendas.

The firm has completed the purchase of a hotel and office complex to be developed in Cataluña with an investment volume of close to €200 million.

The Socimi is going to propose the distribution of a dividend amounting to €9 million to be charged against the results for 2019, compared with €7.4 million last year.

Torre Rioja, the owner of the headquarters of multinationals such as Axa, BNP and Ikea, has converted itself into Socimi with the obligation to go public in two years.

The Socimi has reported that these results "do not yet reflect the potential impact of the crisis caused by the effects of Covid-19".

The Socimi owned by the Montoro family closed last year with revenues of €94.4 million and net profits of €199.5 million.

The engineering company has sold its headquarters in Bilbao and Madrid to Catalana Occidente and the Grosvenor Group for €90 million.

Brainsre.news interviews nine real estate experts to find out what the impact of Covid-19 is going to be on the Spanish market, how it will affect investment and which assets are going to be best positioned.

The technology company is moving its corporate headquarters to the 22@ district and the Vallsolana Garden Business Park, in Sant Cugat del Vallès.

Alei Center I is located in the Andalucían Technology Park (PTA) and leased to OP Plus, one of BBVA's back-office operating services companies.