23
81
16
96
70
33
17
21
25
44

All Market News: Spanish Real Estate Intelligence

Áurea Homes & FS Capital Buy a Plot of Land in Sevilla for the Construction of 40 Homes

Áurea Homes & FS Capital Buy a Plot of Land in Sevilla for the Construction of 40 Homes

11 December 2018 - Press Release

Áurea Homes, a company specialising in property development services, has acquired a new plot in Mairena del Aljarafe (Sevilla) for the construction of 40 homes. The land has a buildable surface area of 5,080 m2 and represents a total investment of €7.5 million for the development of the Áurea Bulevar development, which Áurea Homes is undertaking together with the fund FS Capital.

The development will be distributed over two 6-storey blocks, containing homes with two-, three- and four-bedroom homes. The staggered layout of the blocks towards the south means that all of the homes in the development will have attractive terraces. The complex will also include parking spaces and storerooms, as well as extensive common areas, including a large swimming pool. Áurea Bulevar will be completed with a large commercial premise measuring 800 m2.

This residential complex has a privileged orientation overlooking the new boulevard area in Mairena del Aljarafe, a town that forms part of the metropolitan area of Sevilla and which is experiencing a great urban planning boost with the arrival of new tenants.

The municipality is widely consolidated, with numerous parks and gardens, spanning a total green area of around 500,000 m2 and with several protected spaces. Moreover, the new neighbourhoods are distinguished by their wide avenues, numerous recreation areas and excellent sporting and cultural facilities.

Mairena del Aljarafe is well connected with the city of Sevilla through the metro and several bus routes, which make it one of the most attractive areas for housing in Sevilla.

Second operation in Andalucía

This is Áurea Homes’ second operation in Andalucía, which is focusing on the Sevilla area for the time being. The company’s total investment in Mairena del Aljarafe amounts to €38.1 million for the construction of 197 homes in several developments, 109 of them will be multi-family and 88 will be single-family.

Original story: Press Release

Translation: Carmel Drake

 
Temprano Capital Partners Acquires Plot in Sevilla for Student Halls

Temprano Capital Partners Acquires Plot in Sevilla for Student Halls

5 December 2018 - Press Release

During November 2018, Temprano Capital Partners, in a joint venture with CPA®:18 – Global and Helena Rivero, acquired a prime, city centre site in Sevilla to undertake the development of a premium student residence, to form part of the TSL programme in Iberia.

TSL is currently developing 5 projects in Spain and 3 in Portugal, together with the residence in Marques de Pombal, Lisbon, which was inaugurated in January this year. The TSL programme now amounts to 3,500 beds in Iberia.

The City of Sevilla is renowned, internationally, for its unique university atmosphere, with over 80,000 full-time students, approximately 4% of whom are from outside of Spain, a percentage that is increasing annually, given the popularity of interchange programmes, such as Erasmus and European funding initiatives.

Sevilla houses multiple further education facilities, with faculties spread throughout the city centre, including the University of Sevilla, University Pablo Olavide, the International University of Andalucía UNIA Cartuja, University Loyola Andalucía and CEU San Pablo Andalucía Bormujos, in addition to multiple language academies and institutes, such as the Spanish American Institute. Sevilla has a prestigious international status, offering a wide range of courses, and qualifications in all fields of study.

Sevilla also offers students a unique, historic environment with rich culture and multiple leisure and sports options. The site acquired is located on Calle Genaro Parlade to the south of the city centre in the “El Porvenir” neighbourhood. This area of the city is exceptionally well located for students with respect to the city centre and main university campuses – by foot, by bicycle or by public transport. The site was previously used by the Antares Sports and Social Club, which recently relocated to modern facilities in central Seville. The proposed project will result in a significant urban regeneration for both the local neighborhood and the City of Sevilla.

The project, which is currently in the design phase, will provide 505 premium studios in a building measuring 15,200 sqm. The studios will be delivered with high-quality designs and finishes, with fully fitted in-room kitchens; individual, ensuite bathrooms; high speed WI-FI connections and televisions. Furthermore, the Project will offer multiple services and on-site amenities such as a fully equipped gymnasium, swimming pool, lounge, party rooms, cinema, laundry, library and study rooms. Extensive exterior areas for the students along with 24/7 concierge service are also envisaged and all included in the rent (...).

Temprano Capital Partners (Temprano) is a private European real estate investor and developer created in 2013. It is led by Neil Jones and James Preston and its current tactical focus is the Iberian market (Spain & Portugal) (...).

Original story: Press Release

Edited by: Carmel Drake

 
Aena Commissions Real Estate Plans for its Airports in Palma, Málaga, Valencia & Sevilla

Aena Commissions Real Estate Plans for its Airports in Palma, Málaga, Valencia & Sevilla

7 December 2018 - Voz Pópuli

Aena’s real estate development of its two main assets, the Adolfo Suárez Madrid-Barajas and Barcelona-El Prat airports, is going to continue at other major airports in the network where the company has land reserves. At least, that is the intention of the company chaired by Maurici Lucena (pictured below), who has commissioned research to analyse the options for generating returns from its land at the airports in Palma de Mallorca, Málaga, Valencia and Sevilla.

The airport manager, in which the State owns a 51% stake, is going to invest more than €2 million to engage an expert to analyse the options for the plots and, where appropriate, develop the real estate plans, which will follow in the footsteps of those already designed for Madrid and Barcelona, where the combined investment is going to exceed €4.6 billion (most of which is expected to be financed by the private sector).

The strategy involves devising an identical roadmap to the one followed for the plans at the two major infrastructures, namely: engage an external advisor to analyse the plots that Aena has in the area around the four airports and identify opportunities for the development of real estate activities that could be performed on them. Based on the results of the reports, the company will decide whether to go ahead with the operations, as well as on the definitive design of them.

Although the manoeuvre is still at an early phase, all indications are that, in theory, activities relating to logistics and air cargo are those that have the greatest potential for capturing a leading role in the future development of the four infrastructures.

Airports on the rise

Palma de Mallorca and Málaga-Costa del Sol are the two busiest airports with the greatest passenger numbers in the Aena network, aside from Madrid and Barcelona. The former has seen an increase of more than 17% in passenger numbers over the last two years and closed last year with a record of almost 28 million visitors, which could be pulverised in 2018, with a figure that may exceed 30 million.

Meanwhile, Málaga has experienced an increase of almost 30% in passenger numbers over the last two years and is also on track for a record year in 2018, which could close with around 20 million users.

Valencia and Sevilla are in the top 12 of the airport ranking in Spain by passenger numbers although, in their cases, the appeal of their land stems more from their proximity to the two most populous cities in the country outside of Madrid and Barcelona.

1,000 hectares still available

According to the figures presented by the company when the details of its strategic plan for 2018-2021 were published, Aena owns a potentially marketable surface area of around 2,000 hectares, of which 50% corresponds to the airports in Madrid and Barcelona (…).

Aena’s plans were launched during the company’s previous stage, under the presidency of Jaime García-Legaz. The current management team is not only continuing that strategy, but it also seems to be willing to bet decisively on it.

Indeed, the strategic plan emphasises the need for the company to diversify its revenue streams, both through the commercial operation of its airports and through real estate plans designed to generate returns from its land around Madrid-Barajas and Barcelona-El Prat (…).

Original story: Voz Pópuli (by Raúl Pozo)

Translation: Carmel Drake

 
Previous Entries