Uniq to Renovate 256 Luxury Homes in Benidorm’s In Tempo Skyscraper

12 December 2018 – Eje Prime

Uniq is going to renovate the tallest tower in Benidorm. The Catalan property developer has reached an agreement with the US fund SVP Global, the owner of the Intempo skyscraper, to develop the 256 luxury homes that are going to comprise the tallest residential property in the city, and one of the tallest in Spain, at 192 m high.

The real estate company is going to carry out the renovation of the building, which is located on Playa de Poniente, and which passed into the hands of SVP Global in November 2017 from Sareb. The fund already started to market the homes in the summer.

This latest project in Benidorm follows the recent alliance between Uniq and Goldman Sachs for the purchase of a plot of land on Paseo de la Habana in Madrid for €63 million. Moreover, the Catalan company has a second development in the neighbourhood of Chamberi in the Spanish capital. In Barcelona, Uniq is building two properties for prime housing on Calles Nicaragua and Numancia in the Les Corts district.

Original story: Eje Prime

Translation: Carmel Drake

Goldman Sachs Pays €63M for A Plot of Land in Madrid

6 December 2018 – Eje Prime

Goldman Sachs is targeting the prime housing market in Madrid. The US investment fund has just purchased a plot of land in the centre of the Spanish capital for €63.7 million. The development of luxury apartments planned for the site is going to be built by the Catalan property developer Uniq.

The acquired plot is located at number 147 Paseo de la Habana and has a finalist surface area of 10,000 m2. The vendors are members of a family from Asturias. In the bid for this plot, Goldmans competed with other funds and property developers, such as Grupo Ibosa, Grosvenor, Pryconsa, Domo and Nozar, according to El Confidencial.

With this partnership, Uniq will have the possibility of increasing its presence in Madrid, where it already has a project underway in a former tenement building in Plaza de San Juan de la Cruz. Now, the Catalan property developer is going to build a development less than 1km from Paseo de la Castellana and the Santiago Bernabeú.

The area in which the development will be located has been receiving a lot of investment from wealthy Latin American families, recently. They are driving prices up in the residential market since they are “willing to pay well above the market average”, according to sources in the sector speaking to Eje Prime. They are interested in withdrawing their capital from their countries of origin, many of which are unstable, economically speaking, to invest in Spanish real estate, which offers them greater security.

Original story: Eje Prime 

Translation: Carmel Drake