alternative Assets News: Spanish Real Estate Intelligence

The new wing will have 740 rooms and 40 operating theatres.

Nabiax has two data centres in Spain, Brazil, Peru and Argentina, and one each in the US, Mexico and Chile.

The 20,000 square metre site is located in the Madrid city of Alcobendas. Of the total, 6,000 square metres will be used for the data centre.

The socimi Merlin Properties plans to invest €100 million to build its first data centre in Barcelona, according to Expansión. To do so, it has completed an alliance with Edged Energy, a subsidiary of the US-technology company Endeavour. Construction will begin in early 2022, and the first part will be ready in a year.

Brainsre.news recopila todos los detalles de las transacciones más relevantes del sector inmobiliario español en los últimos 7 días.

The major players in the market note that investment in the sector is booming, despite the challenges, such as the need for a regulatory framework.

The transaction is part of the management plan that Greystar has developed with several companies. The firm will manage Momentum’s units there and around 2,500 units in San Sebastián de los Reyes and Rivas-Vaciamadrid (Madrid region) on Blackstone land.

The company arrived in Spain in 2019, when it acquired Oh My Box for 17.25 million euros.

A dozen Spanish and international real estate brokerages, together with some of the 'Big Four' companies, accounted for the lion’s share of sales finalised in 2020 in Spain.

The companies will work together to develop a network of data centres on land owned by Merlin in Madrid, Bilbao, Barcelona and Lisbon.