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

The former Aquatic Center, now in disuse, has been classified as a unique facility for the implementation of a 'multi-functional' complex. Moreover, a proposal has been made to change the use of Atlético de Madrid's Wanda Metropolitano stadium to a private sports facility.

Cat Real Estate has sold a commercial premise on Avenida Diagonal in Barcelona to a Catalan family office for more than one million euros in the midst of the State of Emergency.

Over the next few days, the property developer will present the urbanisation and detailed study plans for the Intu Costa del Sol shopping and leisure centre in Torremolinos.

Tenants of premises owned by the Municipal Housing and Land Company (EMVS) may pay the waived amounts without interest within two years.

Companies such as Inditex, Mango and El Corte Inglés have reopened most of their stores, but are limiting the commercial space in use to 400 square metres.

The British real estate group Intu Properties, which owns 50% of Madrid's Xanadú shopping centre, has indicated that its liquidity problems may result in its bankruptcy in June.

The owner of the Socimi 'General de Galerías Comerciales' has joined other shareholders such as Unicaja's banking foundations (49.68%), the Domínguez de Mayoral family (5%) Santander (4.95%) and Santalucía Seguros (3.2%).

The entity is working with the construction sector and the ICO to launch a home purchase program aimed at young people by offering mortgages for up to 95% of a property's value.

The Socimi specialising in shopping centres saw its profit fall due to higher operating and financial expenses, although revenues grew by 24%.

The operation, which was signed in December last year, was pending approval by the competent European authorities.