All Market News: Spanish Real Estate Intelligence

The Belgian property developer has earmarked 110 million euros for the development of a retail macro-complex that includes the construction of a hotel and a student residence.

The new property will comprise 63 two- and three-bedroom homes in Denia, with an average price per unit of 240,000 euros.

The tourist accommodation Socimi has returned to the market to continue expanding its portfolio, after investing the 67 million euros it raised through a previous capital increase.

The recently-built property has a gross leasable area of 3,171 square meters.

In addition, it maintained its cash retention policy, which served to slightly reduce its debt down to a loan to value of 38.8%.

The Alicante-based company Equilibra Property Investments has been awarded an important tender for the management of a portfolio of industrial and logistics land in the Community of Valencia, worth more than 50 million euros. It is a public tender that the public company Pimesa, owned by the Government of Spain, launched in April to request

The company will promote 78 apartments for the elderly in Estepona, involving an investment of 30 million euros.

According to data from the General Council of Notaries, house sales grew in almost every autonomous region in March, along with the average sale price.

The property, which was completely renovated in 2007 and spans a commercial area of 2,560 m2, is leased to El Corte Inglés.

The President of the associations of property developers Asprima and APCE says that the increase in construction costs will not impact the price of housing as it is being borne by the sector.