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retail-shopping-centers Market News: Spanish Real Estate Intelligence

Residential Construction Falls in Barcelona

Residential Construction Falls in Barcelona
8 November 2019 – Crane rentals for construction projects fell by 8% in 2018, according to a new study by CBRE. While the cause of the fall is not clear, construction has primarily fallen in the residential sector. New residential construction projects fell by 4% this year, from 272 last year to 260 in 2019. The construction of offices, hotels and commercial establishments rose by 37% to 37 projects, while there were another 25 projects involving residences for senior citizens and students. Original Story: Catalunya Press Adaptation/Translation: Richard D. K. Turner
 
Talinda Investments to Revitalise the Puerta de Toledo Shopping Centre

Talinda Investments to Revitalise the Puerta de Toledo Shopping Centre
8 November 2019 – Talinda Investments, the new owner of the Puerta de Toledo shopping centre located in the municipality of Olías del Rey, is looking to renovate and upgrade the facility. The firm expects to create 150 new jobs in the process. The firm added that it hopes to vitalise the area, investing in local commerce, providing added value to the community, in addition to generating employment opportunities. The government in Toledo has recently focused on attracting businesses willing to invest in the region, with a particular eye towards creating jobs. Original Story: CLM 24 Adaptation/Translation: Richard D. K. Turner
 
Acciona, Amenabar and Vivenio Vying to Acquire Land in Valdebebas from Ferrovial

Acciona, Amenabar and Vivenio Vying to Acquire Land in Valdebebas from Ferrovial
8 November 2019 – Ferrovial has received three firm offers for a plot of land in Valdebebas, just in front of the Cercanías stop. The three firms vying for the land are Amenabar, Vivenio and Acciona. The land has a total of 27,200 square meters of surface area, 22,700 m2 for residential and 4,500 m2 for commercial development. Ferrovial expects to pocket roughly 2,000 euros per square meter, approximately 54 million euros. The land has enough space to build about 230 homes. Original Story: El Confidencial - Elena Sanz Adaptation/Translation: Richard D. K. Turner
 
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