Year: 2020

Atom Hoteles Acquires NH Las Tablas for €21.3 Million

3 January 2020 – The socimi Atom Hoteles, which Bankinter and Global Myner Advisors Capital Investment incorporated in 2018, has acquired the NH Las Tablas hotel in Madrid for 21.3 million euros.

The 4-star hotel is located in Madrid at Avenida de Burgos 131. The hotel has 149 rooms and 174 parking spaces.

 

La socimi Atom Hoteles, que Bankinter y Global Myner Advisors Capital Investment incorporaron en 2018, adquirió el hotel NH Las Tablas en Madrid por 21,3 millones de euros.

El hotel de 4 estrellas se encuentra en Madrid, en la Avenida de Burgos 131. El hotel cuenta con 149 habitaciones y 174 plazas de aparcamiento.

Original Story: Expansión

Translation/Summary: Richard D. Turner

 

Merlin Properties to Begin Trading This Month on Portugal’s PSI-20

3 January 2020 – The Spanish socimi Merlin Properties will debut on the Portuguese Stock Exchange this month. The firm had initially planned to begin trading before the end of last year.

Due to its size, Merlin Properties, which has traded on the IBEX 35 since 2015, will likely debut on Portugal’s PSI-20, which is run by Euronext.

La socimi española Merlin Properties debutará en la Bolsa de Valores de Portugal este mes. Debido a su tamaño, la firma, que cotiza en el IBEX 35 desde 2015, probablemente debutará en el PSI-20 de Portugal, dirigido por Euronext.

Original Story: Expansión

Translation/Summary: Richard D. Turner

Parc Sagunt Sells Four New Plots of Land for €7.7 Million

3 January 2020 – Parc Sagunt’s board of directors agreed to sell four plots of land in Parc Sagunt I for approximately 7.7 million euros, bringing the total sales to 44 plots of land in the development. Total receipts from the sales reached about 458 million euros, according to local authorities.

Nine plots of land, with a total surface area of ​​162,498 square meters, are left for sale.

Between them, Lannuti Spain, Industrial Facilities, Shopping Plataform, and Inmo Arnedo acquired a total area of 99,738 square meters for a combined 7,695,129 euros.

Original Story: Expansión

Translation/Summary: Richard D. Turner

 

Real Estate Investment Reached €12 Billion in 2020

3 January 2020 – Real estate investment in Spain ended the year of 2019 with a total investment volume of approximately €12 billion, a drop of 35% year-on-year, according to a study by Savills Aguirre Newman.

Despite the seemingly steep fall in investment, the firm noted that demand remains robust, with prices forecast to increase by 3% to 4% in the coming year.

Jaime Pascual-Sanchiz, the CEO of Savills Aguirre Newman, averred that the decline was largely concentrated in the market for existing homes. The executive expects the continued growth of new developments, though at a reduced pace. Construction has declined in some specific markets, such as Madrid, Valencia, Malaga and some of the islands, which had seen extraordinary levels of growth last year.

Original Story: Expansión / Europa Press

Translation/Summary: Richard D. Turner