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real-estate-news Market News: Spanish Real Estate Intelligence

Amazon Selling off Logistics Centres throughout Europe
17 September 2019 Amazon has begun a process whereby it is selling of its logistics assets in Europe in a series of sale & leaseback operations. Last month, the e-commerce giant sold three platforms in Barcelona, ​​London and Paris for about 400 million euros to the Korea Investment Corporation (KIC), Korea’s sovereign fund. The firm sold the logistics centres at Avonmouth (Bristol, servicing London), Brétigny-sur-Orge (Paris) and El Prat (Barcelona), one of the most important in southern Europe. The operation would have closed last August. At the same time, Goodman Real Estate is in the process of selling the logistics platform it is in the process of building for Amazon nearby Seville. Goodman, which is negotiating with M&G, expects to raise approximately to €200 million with the sale. Original Story: El Español Adaptation/Translation: Richard D. K. Turner
 
Xior Acquires Student Residence and Plot of Land for New One in Madrid
17 September 2019 The Belgian group Xior Student Housing announced an agreement to acquire 80% of the real estate company that owns and operates the Leonardo da Vinci student residence, located on the campus of the European University of Madrid (UEM), in Madrid. The firm will also build a second, 200-bed residence in a total investment of €85.4 million. The European University group will hold onto the remaining 20%. The first campus property has 464 rooms (528 beds) and belongs to the second-largest private university group in Spain, one which has more than 23,500 enrolled students, 11,500 of which are housed in the Villaviciosa campus. Original Story: Idealista Adaptation/Translation: Richard D. K. Turner
 
M&G Negotiating with Goodman Real Estate to Acquire Future Amazon Logistics Centre in Seville
17 September 2019 The British fund manager M&G is negotiating to acquire the future Dos Hermanos logistics centre in Seville. The nearly 200,000-m2 centre is under development by Goodman Real Estate and already for Amazon, with which it has signed a 20-year lease. Goodman commissioned the Eastdil investment bank to organise and conduct the formal sales process, one which seeks a sales price of €200 million. Original Story: El Confidencial - Ruth Ugalde Adaptation/Translation: Richard D. K. Turner