Schroder European Real Estate Investment Trust plc the company investing in European growth cities, has completed the purchase of the Metromar shopping centre in Seville, Southern Spain, from UBS Asset Management. The total purchase price is approximately €52.5 million, reflecting a net initial yield of 6.2%. SEREIT is acquiring a 50% stake in joint venture …
Tag Archives: Spain real estate market
RICS : International investors eyeing Madrid‘s commercial property market
With respect to occupier demand growth, Madrid, Budapest, Dublin, Munich, Berlin and Lisbon posted particularly strong results according to the latest RICS Commercial Property Monitor. In terms of global investment trends in commercial property, the latest results point to Spain seeing the sharpest quarterly improvement in market conditions. Indeed, respondents reported a robust rise in …
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Spanish banking group BBVA sells a real estate portfolio consisting of almost 3,500 units
Banco Bilbao Vizcaya Argentaria S.A (BBVA)’s current strategy to accelerate the sale of the Spanish real estate assets has resulted in the first wholesale transaction of 2017. BBVA’s portfolio consists of almost 3,500 units. The operation had been dubbed Project Buffalo. Taking advantage of favorable market conditions, BBVA has closed the first real estate …
Positive outlook for Spanish real estate markets: Catella
According to the Catella Market Tracker Report “Real Estate Market Spain – 2016/2017” , Spanish property prices are likely to increase in 2017.The expected development is supported by a growing Spanish economy, increasing rents and a high level of interest in Spanish real estate investments among international investors. “The Spanish economy developed well in 2016 …
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Supply of new homes increasing in Madrid, says Knight Frank
The number of new homes granted planning permission in Madrid rose by 68% year-on-year in 2015, according to the latest report from Knight Frank. This was the third consecutive year that the number of construction licenses granted in Madrid has increased. However, in the current market, demand is still expected to outstrip new supply. Official …
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