alternative Assets News: Spanish Real Estate Intelligence

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

In 2020, buyers paid 8.4% less for a parking space in Spain than they did in 2019, according to the real estate portal.

With returns of up to 18% and the technological boom, many real estate investors are turning their eyes to data centres, an emerging market in Spain.

The Government of the Community of Madrid wants to concentrate 356 jurisdictional bodies, currently spread over 28 different buildings, into a single judicial space.

The Catalan Executive has reported that it has agreed to buy the land on which the Hard Rock Entertainment World macro-complex is going to be located, for 120 million euros, if the Hard Rock company agrees to take out some special insurance.

The firm's Outlook for 2021 report identifies 'solid' long-term opportunities in Spain in the logistics, food-based retail and office sectors, as well as in the build to rent segment.

In addition to the well-known nightclub, the Cursach group has put the 800 Grados Steak House and Asadito restaurants up for sale for 6.5 million euros, along with The Club International nightclub, all in Playa de Palma.

The surface area of the ZAL could be increased again after a preliminary agreement was reached with Total Petrochemicals Ibérica which would see the Port of Barcelona acquire land in ZAL-Prat spanning a surface area of 99,183 square metres.

The Socimi specialising in hospitals, clinics and homes for the elderly, will debut today on the European index.

The project, which is being resumed after more than a decade on the backburner, will give a new lease of life to an area spanning 172,000 m2.