alternative Assets News: Spanish Real Estate Intelligence

The bank is launching a Property Fund for Healthcare in Europe (HPF Europe), with an initial capital commitment of around 200 million euros.

The construction companies Ferrovial, San José, Sacyr, Dragados, the UTE Joca-Urvios and Viales y Obras Públicas will be in charge of building the Valdebebas hospital together with four architecture studios and four other companies.

LaLiga and T3N Sport & Investment will start work on the construction of the sports macro complex in Villaviciosa de Odón this month. It is scheduled to be completed and operational by the summer of 2021.

Adif is going to invest 4.44 million euros in the restoration of the historic building that houses Madrid's Atocha station, in the centre of the capital. The project has just been put out to tender and the building work is expected to last a year and four months.

Licampa 1617, the company owned by Juan Roig, has obtained the rights to a municipal plot for 50 years where it is going to invest €220 million in the construction of a sports complex.

The operation is based on a fixed-rate loan with a term of 12 months, a return for investors of 15% and the payment of interest upon maturity.

The new plans involve the expansion of the golf course with another nine holes, the construction of two hotels and the development of 500 homes, mainly targeted at foreign buyers.

Revenues in the parking sector in Spain and Portugal amounted to €1.2 billion in 2019, up by 3.9% YoY, of which €1.1 billion corresponded to the Spanish market, according to DBK.

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.

Aena has asked Willis Lease Corporation to move its maintenance and scrapping plant in Jerez onto land near the airport, but which does not belong to the semi-public state company. Aena would bear the connection costs between the land and the airport's runway.