market Market News: Spanish Real Estate Intelligence

  • Neinor Homes and Orion Capital create a 50 million joint venture to invest in BTS
    by Brainsre.news on July 30, 2023 at 6:00 pm

    Neinor Homes and Orion Capital Managers (through their fund Orion European Real Estate Fund V), the main shareholder of Neinor with a 27% stake, will create a joint venture to invest in the Spanish build-to-sell (BTS) construction segment. The first step of the agreement will be the acquisition of two plots of land for 20

  • Aviva Investors buys 234 build to rent units in Valdebebas from Via Agora
    by Brainsre.news on July 30, 2023 at 5:55 pm

    Aviva Investors has announced the acquisition of a turnkey residential development comprising 234 units in Spain from the developer Vía Ágora, as it continues to develop its build-to-rent platform in Spain in collaboration with Layetana Living (‘Layetana’). The development is expected to be completed by mid-2025. Aviva Investors was advised by Knight Frank and Ashurst

  • Real estate investment in Barcelona exceeds 1.1 billion euros in the first half of the year
    by Brainsre.news on July 30, 2023 at 5:50 pm

    According to data from CBRE, the real estate market in Barcelona has closed the first half of the year with an investment volume of 1,143 million euros. This figure represents a 34% decrease compared to the same period in 2022, but it is still 9% higher than the average recorded in the last five years.

  • JSS Real Estate buys building occupied by Movistar Plus+ for 79 million
    by Brainsre.news on July 30, 2023 at 5:46 pm

    The socimi (real estate investment trust) JSS Real Estate, under the control of the Swiss bank Safra Sarasin, has acquired the property occupied by Movistar Plus+ in Tres Cantos for a price of 79 million euros. The asset, located on Avenida de los Artesanos, has an approximate area of 42,000 square meters. According to the

  • Aedas Homes and Azora join forces to develop two BtR projects with 327 homes in Madrid and Alicante
    by Brainsre.news on July 30, 2023 at 5:39 pm

    Aedas Homes and Azora have reached an agreement for the development and sale of two build-to-rent residential projects comprising 327 homes in the municipalities of Alcalá de Henares (Madrid) and San Juan de Alicante (Alicante). The build-to-rent project in Alcalá de Henares will be located in the new neighborhood of Las Sedas and will consist

  • Offices under 5,000 m²: the rental index continues to rise (Evolis)
    by Brainsre.news on July 28, 2023 at 11:30 am

    According to an exclusive study by Evolis, the index of weighted face rents for offices under 5,000 m² in Île-de-France is stabilizing after significant growth in 2022, but it remains higher on a year-on-year basis (+4.8 points), as reported by Businessimmo. The market is heavily polarized around established business districts, particularly in the QCA (Central

  • Should you get out of SCPIs before prices fall?
    by Brainsre.news on July 28, 2023 at 11:23 am

    The rise in interest rates has triggered a real estate shock, affecting real estate investment funds. Amundi Immobilier, a fund manager, has announced a price decrease for three of its SCPI (real estate investment trusts): Edissimmo, Rivoli Avenir Patrimoine, and Genepierre, as reported by Lesechos. Amundi Immobilier conducted an audit on its funds and found

  • Ardian acquires a period property for ESG redevelopment in the Corso Magenta area of Milan from InvestiRE sgr’s Ca’ Granda fund
    by Brainsre.news on July 28, 2023 at 11:16 am

    French private capital group Ardian has acquired a residential property located in Milan, Italy, at Via Giuseppe Revere 3, in the Corso Magenta area. The building will undergo sustainable and technological redevelopment, adhering to high market standards, as reported by bebeez. The acquisition was made through Ardian Real Estate European Fund II (AREEF II), which

  • Hotel Wellness & Grand Vista Winery in Borba commercialised by Home Tailors
    by Brainsre.news on July 28, 2023 at 10:27 am

    The Home Tailors Business Group, a franchised agency of Home Tailors Real Estate, is currently marketing the Hotel Wellness & Grand Vista Winery located in Borba, Alentejo, Portugal. The project, developed by Strokes & Ground, offers an investment business model where interested parties can acquire a unit in the development for approximately 280,000 euros, with

  • The new Casas do Morro development will be born in Vila Nova de Gaia
    by Brainsre.news on July 28, 2023 at 10:22 am

    Savills Porto, now incorporating Predibisa, unveils a new exclusive project in the unique setting of Gaia’s historic center, called “Casas do Morro.” The project, currently in the launching phase with undisclosed investment value, promises the best view of Porto’s city while offering the diverse natural and cultural experiences typical of Porto and Portugal. The development