AliExpress Intent on Acquiring Land to Build a Logistics Platform in Seville

5 December 2019 – AliExpress, the international subsidiary of the Chinese e-commerce giant Alibaba, is looking to enter the fray in Europe by acquiring land for a major logistics centre in Spain. Just a year ago, the firm partnered with El Corte Inglés to open its first brick-and-mortar store on the continent, in Madrid. Now AliExpress, whose second-largest overseas market is Spain, is looking to develop a new logistics centre in the metropolitan area of ​​Seville.

The firm is following in the footsteps of its principal competitor, the US behemoth Amazon. AliExpress is now looking to build a 120,000-m2 logistics platform in the Megapark Business Estate, where its rival has a 200,000-m2 facility.

AliExpress’s immediate needs include an approximately 60,000-m2 warehouse, with the possibility of further expansion. Megapark benefits from easy access to rail, road and maritime transport links.

Original Story: El Confidencial – Carlos Pizá de Silva

Photo: Reuters

Adaptation/Translation: Richard D. K. Turner

Vogue 84 Acquires the Virgen de los Reyes Hotel in Sevilla

28 October 2019 – Vogue 84, the family office of a Catalan family linked to the textile sector, has acquired the Virgen de los Reyes Hotel in Seville. The hotel was 80% owned by Rosturisport, with the other 20% held by the executive César Arévalo.

The hotel, which was built 42 years ago, is on a 579-square-meter plot of land on Calle Luis Montoto. The 3-star Virgen de los Reyes Hotel has 80 rooms with a total constructed surface area of 4,500 m2. Hoteles Playa currently operates the unit.

Original Story: ABC de Sevilla – María Jesús Pereira

Adaptation/Translation: Richard D. K. Turner

Bouygues to Build New Hotel in Nervión in Seville

21 October 2019 – The municipal government in Seville has granted the necessary permits and approvals for the French construction giant Bouygues to build a new hotel in the neighbourhood of Nervión in Seville. The building, located at Avenida de la Buhaira 2, was formerly occupied by offices of the multinational Abengoa. Bouygues Inmobiliaria acquired the asset, which had been unoccupied for a decade, for 17.5 million euros.

The French group now plans to invest €8,175,000 in the redevelopment, resulting in a three-star hotel. The new, 128-room unit will have five above-ground floors and four below-ground floors with 139 parking spaces. The plot of land has an irregular shape and a constructed surface area of ​​15,387 square meters, facing the streets of Luis Montoto and Blanco White.

Original Story: Diário de Sevilla – Manuel Ruesga

Photo: Juan Carlos Vázquez

Adaptation/Translation: Richard D. K. Turner

Lar España Inaugurates the Lagoh Sevilla, the Largest Shopping Centre in Andalusia

30 September 2019 – Lar España opened the Lagoh Sevilla shopping centre to the public last week after a total investment of approximately 200 million euros. The 100,000-m2 mall is the largest in Andalusia and one of the largest in Europe. Lar España expects 13 million people to visit the shopping centre each year, generating rental income of €17 million per year for the 200 stores and other spaces.

Original Story: La Vanguardia

Adaptation/Translation: Richard D. K. Turner

 

VGP Acquires Land for New Logistics Platform in Seville

18 September 2019 The Belgian developer VGP announced that it had acquired a 100,000-square meter plot of land in Seville, where it the company plans to invest a total of 35 million euros in the development of a logistics complex.

Construction is pending municipal licensing. VGP plans to start building during the latter half of 2020 with completion planned for the end of 2021.

The logistics platform will be located in the town of Dos Hermanas, a booming area to the southeast of Seville. The town is also the site of a planned new logistics platform for Amazon.

Original Story: Eje Prime – Marta Casado Pla

Adaptation/Translation: Richard D. K. Turner

M&G Negotiating with Goodman Real Estate to Acquire Future Amazon Logistics Centre in Seville

17 September 2019

The British fund manager M&G is negotiating to acquire the future Dos Hermanos logistics centre in Seville. The nearly 200,000-m2 centre is under development by Goodman Real Estate and already for Amazon, with which it has signed a 20-year lease.

Goodman commissioned the Eastdil investment bank to organise and conduct the formal sales process, one which seeks a sales price of €200 million.

Original Story: El Confidencial – Ruth Ugalde

Adaptation/Translation: Richard D. K. Turner

Goodman to Sell Amazon Logistics Centre Under Development in Seville

17 September 2019 Goodman Real Estate announced that it would sell the huge logistics centre it has under development for Amazon in Seville. The sale of what would be the largest logistics centre in Spain is expected to bring in approximately 200 million euros, providing a return below 4.5%.

Goodman, who has regularly partnered with Amazon, is taking advantage of heightened investor appetite for such assets in Spain due to consumers buying ever more online.

The cost of the development of the logistics centre is expected to reach 100 million euros or more. Goodman commissioned Dragados, the construction arm of the ACS group, to build the centre. The future complex will have a surface area of almost 200,000 square meters, spread over four floors, and should be ready next year.

Original Story: El Confidencial – Ruth Ugalde

Adaptation/Translation: Richard D. K. Turner

 

 

Barings Lends Kronos €40 Million to Finance Construction of New Shopping Centre

6 August 2019

The Kronos Investment Group announced that it had arranged a €40-million loan with Barings to finance the construction of a new shopping centre in the town of Dos Hermanas, Seville. The investment manager has lent 40 million euros to the union between the developer and another company to build a commercial park of 48,646 square meters and 2,000 parking spaces.

The new complex will have 64 stores, 70% of which have already been pre-leased. Construction is set to begin shortly and the mall is slated to open by the summer of 2020.

Original Story: Eje Prime

Adaptation/Translation: Richard D. K. Turner

Amro Acquires Building for Future Student Residence in Seville

7 February 2019

The British company, which specialises in student residences, has plans for 5,000 new beds in Spain and Portugal, 3,000 of which are already under negotiation.

Amro Real Estate is going through its paces. The British company specialising in the development and management of student residences has just acquired a building in Seville where it will create accommodations for 332 university students, another step in the company’s expansion plans for Spain.

The company estimates that the refurbishment of the 9,300-square-meter building will begin this summer. The residence is expected to open in January 2021, with common areas, group study areas, a dining room, gym and parking.

Amro, which consulted with CBRE, was attracted to the complex’s location. Situated between the campuses of the universities of Seville, Pablo Olavide and Loyola Andalucía, it could serve any of the 38,600 students enrolled in the three schools.

Original Story: EjePrime

Translation: Richard Turner

Popular Sells Banco de Andalucía’s HQ In Sevilla For €25M

18 February 2016 – Expansion

New real estate fever is making a large number of transactions boom in Andalusia, especially assets on sale for years. According to EXPANSIÓN, the latest major deal has been featured by Banco Popular, to close a sale agreement of the historic headquarters of Banco Andalucía in Sevilla for EUR 25 million.

The Andalusian company was taken over by Popular, which already had a 80% capital stake in 2009. The remaining stake was largely in the hands of Solis family. 
Two years after this move, the bank chaired by Ángel Ron cleared out the building, located in the heart of Seville. Specifically, it is located at Calle Fernández y González 4 y 6.

The asset has 7,000 square meters distributed in basement, ground floor and six more floors in height. The project of the new owner is opening a hotel, as well as marketing  other street level premises. 
According to sources close to the deal, the purchase has been mediated by Drago Capital on behalf of a company whose identity has not been given. This firm was founded by Oleguer Pujol and Luis Iglesias, currently under investigation for tax fraud and money laundering due to its relationship with the plot of the Catalonian president´s family. One of its most important transaction was the purchase of Santander branch network for 2,000 million.

Original story: Expansion (by Lydia Velasco)

Translation: Aura Ree