All Spain articles
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Asset Manager NewsHines European Real Estate Partners III and Grupo Lar announce a Voluntary Cash Tender Offer for 100% of Lar España share capital
On July 12 2024 - the consortium formed by the Real Estate fund Hines European Real Estate Partners III (“HEREP III”) and Grupo Lar (Lar España’s asset manager) has announced a Voluntary Cash Tender Offer for 100% of Lar España through a Spanish SPV that has been incorporated to launch the Offer: Helios RE, S.A. Helios is owned by the following entities:
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Asset Manager NewsDeA Capital Real Estate In Iberia Builds New Apq Logistics Warehouse For Ecoquímica In Pinto
DeA Capital Real Estate in Iberia is building a new logistics platform leased to EcoQuímica Logistica Integral, an operator specialising in the storage and management of chemical waste. This is a turnkey project located in sector 5 of the Río Pinto industrial estate. The municipality of Pinto (Madrid), which is only 20 km from the centre of the capital, stands out as a strategic enclave due to its connection to the Cantabrian Highway and its proximity to important services in western Asturias, offering direct connections to the A-4, R-4 and M50.
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Asset Manager NewsHIH Invest Buys Solar Park in Southern Spain
Developed and sold by the company BayWa r.e. Acquired for the HIH Green Energy Invest institutional fund Electricity production pre-sold to 90 percent on ten-year power purchase agreement
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Asset Manager NewsRedevco and SFP launch ‘Next Gen Stays’ Iberian Hotel Joint Venture with Portfolio Target of c. €300 Million
Redevco and Swiss Finance & Property Group (SFP Group) have formed an Iberian hotel Joint Venture. Following a first close, a fund managed by SFP has indirectly taken a majority stake in ‘Next Gen Stays,’ currently comprising a seed portfolio of six assets in Portugal and Spain in the Lisbon, Porto, Bilbao, Malaga and Seville. The strategy is targeting a net levered IRR of 15%+ over a five-year period and aims to build up a portfolio of around €300 million.
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People NewsPrimonial REIM Announces The Creation Of Primonial REIM Spain And Appoints Its Manager
In the context of the continued international expansion of its activities, Primonial REIM, a key player in European real estate asset management, announced today the creation of Primonial REIM Spain and the appointment of Felipe Pérez Agustín as Head of its Madrid office.
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Asset Manager NewsEdR REIM continues to grow its real estate debt platform by closing its first loan in Spain and launching its new fund
Edmond de Rothschild’s REIM Real Estate Debt team recently closed its first loan investment in Barcelona through its co-mingled pan-European High Yield I real estate debt fund. Furthermore, the team is in marketing process for its new real estate debt fund with a target size of more than EUR 500m.
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Asset Manager NewsM7 reaches full occupancy across 90,000 sq m urban logistics portfolio in Spain with c. 8,500 sq m letting to Belgicast International
M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has let c. 8,500 sq m of industrial warehouse space in Lezama, Spain, to Belgicast International by AVK Holding, a European leader of water management.
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Asset Manager NewsInfranity provides €100m HoldCo financing to support BRUC Energy’s growth in the Spanish renewable energy market
Infranity, a leading European infrastructure investment firm, is delighted to have participated as joint lead arranger with a €100m ticket in the c. €600m Holdco financing of BRUC Energy.
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Asset Manager NewsHarrison Street And Dea Capital To Acquire 430 Build-To-Rent Units In Madrid And Alicante
DeA Capital S.p.A. (“DeA Capital”), a leading independent alternative asset management platform in Italy with a significant pan-European presence, with assets under management of approximately EUR 27.7 billion and Harrison Street, one of the leading investment management firms exclusively focused on alternative real assets with approximately $56 billion in assets under management, today announced that their joint venture will acquire 430 build-to-rent (“BTR”) units across two new assets in Madrid and Alicante, Spain.
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Asset Manager NewsInfranity provides €68m bilateral financing to Planea Energia for construction of 141MW solar PV project in Spain
Infranity, one of the largest infrastructure investment specialists in Europe, was delighted to structure and execute a c.€68m bilateral financing for the construction of a 141MW portfolio of 3 solar PV assets located in Belinchon, Spain. The portfolio is owned by Planea Energia, part of the Rotonda Group.
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Asset Manager NewsDeA Capital Real Estate Iberia Achieves 100% Occupancy On Its Villaverde 10.000Sqm Logistics Platform In Only 5 Months
DeA Capital Real Estate Iberia has managed to fully lease its new last mile logistics project located in Villaverde (Madrid) just 11 km from the city centre, a prime location for last mile e-commerce distribution operators due to its excellent accesses direct to Madrid centre via main highways and ring-roads including the A-42, M-40, M-45 /A-4 and Av. de Andalucía.
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Asset Manager NewsPATRIZIA’s European Infrastructure Fund II surpasses EUR 800 million in committed investments with double fibre deal in Spain
PATRIZIA has strengthened its European digital infrastructure footprint with the acquisitions of two Spanish broadband and fibre operators.
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Asset Manager NewsPrimevest Capital Partners closes third deal in Spain with residential development acquisition in Albacete for German pension fund
Pan-European investment manager Primevest Capital Partners (Primevest CP) has acquired an 8,755 m² residential development in the city centre of Albacete, about 200 km southeast of Madrid, for approx. €21 million on behalf of a German pension fund. The six-storey property, comprising 127 rental apartments, was purchased from developer Grupo Albaluz, part of Tracia Ventures y Moreno Brothers Capital.
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Asset Manager NewsNew impact fund KGAL Core 5 LIFE reaches first closing and acquires sustainable residential property in Málaga
KGAL Core 5 LIFE, one of the few Article 9 residential real estate funds with a European focus, has received capital commitments in the hundreds of millions.
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Asset Manager NewsPrimevest Capital Partners takes over first residential Build-to-Rent project in Seville from AEDAS Homes
Primevest Capital Partners took over the first residential Build-to-Rent project in Seville, Spain on behalf of a German pension fund on 21 December 2022.
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Asset Manager NewsGenerali Real Estate grows in Barcelona with the acquisition of Portal del Angel, 40 from Medcap Real Estate
Madrid - Generali Real Estate has completed the acquisition of Portal del Angel, 40 building, a historical office and high-street asset in Barcelona, on behalf of the pan-European fund “Generali Core High Street Retail Fund” (GCHSR), managed by Generali Real Estate S.p.A Società di gestione del risparmio and reserved for professional investors. The seller of the asset is a subsidiary of the de Andres Puyol family, Medcap Real Estate.
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Asset Manager NewsKGAL and project developer Premier establish joint venture for solar and wind power in Spain
Grünwald, 08/12/2022 – Following years of successful cooperation, KGAL is establishing a joint venture with Spain’s Premier Group for its KGAL ESPF 5 impact fund. The Spanish partner is contributing its own domestic solar PV project pipeline to the joint venture for further development. KGAL provides financial, operational and strategic support.
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White papersHidden pearls of the south
As the fifth largest residential market in Europe, Spain is still facing the phenomenon that the bulk of international investors focus on the metropolitan areas of Madrid and Barcelona. In many other Spanish cities the lack of available BTR apartments is dramatic. It would therefore be worthwhile to take a look at some of these hidden pearls in the south.
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Asset Manager NewsPATRIZIA invests in Barcelona student accommodation, targeting similar select opportunities across Europe
PATRIZIA has invested in a portfolio of purpose-built student accommodation (PBSA) in central Barcelona, on behalf of its institutional clients.
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White papersFocus on Spain: macroeconomic projections and fixed income view
Under our scenario and assumptions, Spanish GDP is projected to grow at 4.2% in 2022, moving below 2% in 2023, significantly below Banco de España projections for 2023 and 2024 at 2.8% and 2.6%, respectively, as we expect the current environment of higher energy and gas prices and high inflation to negatively affect consumers, companies and activity.
