Talinda Investments to Revitalise the Puerta de Toledo Shopping Centre

8 November 2019 – Talinda Investments, the new owner of the Puerta de Toledo shopping centre located in the municipality of Olías del Rey, is looking to renovate and upgrade the facility. The firm expects to create 150 new jobs in the process.

The firm added that it hopes to vitalise the area, investing in local commerce, providing added value to the community, in addition to generating employment opportunities.

The government in Toledo has recently focused on attracting businesses willing to invest in the region, with a particular eye towards creating jobs.

Original Story: CLM 24

Adaptation/Translation: Richard D. K. Turner

Deutsche Bank Advises Investors To Buy Spanish RE

17 September 2015 – Cinco Días

Foreign capital is no longer frightened of Spanish real estate. In a report published yesterday by Deutsche Bank, the German financial institution recommends investors to take positions in real estate assets in our country.

“Over the next five years, we expect Spain to be one of the best performing markets in Europe”, says the report.

In fact, the Deutsche Asset & Wealth Management division – which has prepared the document – advises investors to take positions in Southern Europe in general, lead by the growth in Spain. It calls on investors to acquire more weight in investments in offices, commercial premises in prime areas and in logistics assets in our country. By contrast, it recommends an exit from London.

Amongst its reasons, the entity explains that following the reductions in returns in recent years, a sustained recovery in terms of rental income has started to materialise in cities such as Madrid and Barcelona.

The bank says that taking positions by acquiring assets, renting them out and promoting them in the heart of both cities will create value, above all, taking into account the fact that high quality assets in the centres of Madrid and Barcelona are in short supply. In fact, it highlights that these two cities offer the highest returns, ahead of Frankfurt, Munich, Milan and the La Défense district in Paris. The entity also points to opportunities in the central locations of smaller Spanish cities such as Valencia and Bilbao.

The economy as the driving force

Amongst the various factors at work in the Spanish market, the firm highlights the strong growth of the economy and the creation of jobs, which are both driving demand.

It also highlights the increase in the occupancy rates of offices in Madrid and Barcelona; available space is becoming increasingly scarce. Furthermore, rental prices are increasing in the most prime locations and it expects this trend to last for the next five years. Similarly, it states that investment volumes are returning to pre-crisis levels.

Original story: Cinco Días (by A. Simón)

Translation: Carmel Drake

Lidl To Build Its Largest European Logistics Centre In Alcalá

20 January 2015 – Cinco Días

The German company Lidl’s project to build its largest logistics centre in Europe, in the Madrid suburb of Alcalá de Henares, will get underway on Wednesday with the laying of the first stone.

The construction work and commissioning of the new platform, which will open in the summer of 2016, will mean the investment of €70 million and the creation of hundreds of jobs, the company reported.

The project, which the supermarket company announced more than three years ago, will be located on land next to the M-300, previously occupied by Electrolux, which closed its doors in 2011, with the redundancy of 400 workers.

Priority will be given to former employees of the celebrated Zanussi products wishing to work at the logistics centre, under the terms of the commitment that the German multinational company signed when it acquired the facility.

Lidl has three stores in Alcalá and a total of 530 stores across Spain.

In Europe, the chain has almost 10,000 supermarkets, located in 26 different countries and employs 335,000 workers.

Original story: Cinco Días

Carmel Drake