Jesús Ger to Build Three New Residential Developments in Marina d’Or

21 September 2019 – Jesús Ger has begun work on three new real estate developments in Marina d’Or, the most advanced of which is the Miramar. The new development consists of 278 beachfront vacation homes. The properties each have a surface area of fifty square meters, with terraces, a parking spot and storage.

The second project, the 104-flat Edificio Cristal, is located a bit further back from the beach. The flats have prices ranging between 130,000 and 160,000 euros. Ciudad Jardín I, the third, is located next to the Torre de la Sal campsite.

Original Story: Eje Prime

Adaptation/Translation: Richard D. K. Turner

TH Real Estate Sells L’Aljub Shopping Centre For €100M+

13 May 2016 – Mis Locales

According to El Confidencial, the fund manager TH Real Estate has sold the L’Aljub shopping centre, located in the Alicante town of Elche, for more than €100 million. In addition, the firm has purchased a shopping centre in Bolonia, Italy, through its European Cities Fund, which represents the first acquisition by the fund that aims to secure financing amounting to €3,000 million – €3,500 million over the next five years.

The operator has taken the decision to sell off L’Aljub as part of a divestment strategy that will involve the sale of other assets all over Europe. TH Real Estate made its first investment in the Alicante shopping centre in 2007, although it did not complete its acquisition until 2014.

In Spain, TH Real Estate manages the following shopping centes: Bulevar (Getafe), Mexueiro (Vigo), Islazul (Madrid), Vialia (Málaga), Miramar (Fuengirola), Nervión (Sevilla), as well as Norteshopping (in Porto-Portugal). It also manages the Alovera Industrial Park (Guadalajara).

Original story: Mis Locales

Translation: Carmel Drake