alternative Assets News: Spanish Real Estate Intelligence

Lisbon to Accelerate €620 Million in Public Investment
27 March 2020 Mayor Fernando Medina of Lisbon announced that the city would accelerate plans for public investment worth a total of 620 million euros. The figure corresponds to current and future public tenders, including many that were previously planned for the second semester of 2020.  in the first half of this year and also those scheduled for the second half. The decision is aimed at mitigating the effects of the coronavirus. Possible investments include the construction of health centers, long-term care units, daycare centers, schools, housing, green infrastructure, public spaces, the sanitation system, mobility, and tourism. Original Story: Diário Imobiliário Translation/Summary: Richard D. Turner
Algarve Holds on to Title as Europe’s Leading Golf Destination
22 January 2020 The readers of the popular golfing publication Today’s Golfer have named the Algarve as the Best Golf Destination in Continental Europe for the fourth consecutive year. The region has now won a total of nine awards since the magazine began its surveys in 2011. The Algarve, which is the home to 43 different golf courses, is no stranger to winning awards in the golf industry. The region also won the IAGTO Worldwide Golf Destination of the Year for 2020 in October. Original Story: Essential Business Summary: Richard D. Turner
Brookfield Asset Management in Joint Venture with Temprano Capital
20 January 2020 Brookfield Asset Management's Strategic Real Estate Partners II has formed a partnership with Temprano Capital Partners to invest in the market for student housing in Portugal and Spain. The two firms announced that they would develop 19 new student residences. The Canadian fund has taken control of Temprano Capital, committing to conclude 25-year lease contracts for 19 student residences in Portugal and Spain. The joint venture has also secured an option to acquire the assets at a later date, including a total of more than 8,000 beds. As part of the transaction, the new firm will take immediate operational control, through the triple-net leases, of 3three assets. The assets include the Collegiate Madrid Aravaca; the Collegiate Marina Real (Valencia) and the Livensa Living Barcelona Diagonal Alto. Also, in separate transactions, the two companies agreed on other projects will total 1,000 additional beds, increasing the capacity to a total of 9,000 beds. Original Story: Economia Online - Rita Neto Translation/Summary: Richard D. Turner