real-estate-transactions Market News: Spanish Real Estate Intelligence

Brainsre.news summarises the most important movements and operations closed in each segment of the Spanish real estate sector during November 2022.

The pharmaceutical company is going to remain a tenant of part of the building and the buyers are planning to renovate the entire asset to increase its appeal in a key area between the CBD and 22@.

21% of the assets in the office segment in Barcelona are of the highest quality compared to 14% in Madrid, according to the latest data from CBRE.

McCann's headquarters were acquired by Patrizia in January 2019. The asset shares a block with the Luxa buildings and is located opposite Parc Glòries, in one of the most sought-after areas of Barcelona's 22@ district.

Arcano is going to convert the asset into a Meininger Hotel with 163 rooms that will meet the highest sustainability standards.

The company earned 215 million euros between April and September 2022 and delivered 500 units, but the pace during the second half of the year will allow it to close with 300 more units delivered than last year.

The second phase of Ribera Homes involves the regeneration of the historically most depressed area of one of the municipalities with the most active real estate market in Vizcaya.

INE compiled its figures for the month of September based on loans that were negotiated during previous months and so they do not yet include the change in trend that the ECB's second major hike in interest rates will cause in the market.

The manager of Montepino's industrial assets has closed the largest operation in the segment this year and is starting work on the first projects.

Solana Village will be located in La Cala Golf Resort, in Mijas, where it will work as a joint venture with the hotel chain FBD Hotels & Resort, the entity that manages La Cala Resort.