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South African listed real estate group Vikule Property announced that Castellana Properties SOCIMI SA , a Spanish REIT which at the time of implementation of the transaction will constitute a 98.3% subsidiary of Vukile, has exchanged and completed contracts with Redevco Iberian Ventures I.S.L (“the seller” or “Redevco”) to purchase 100% of the equity in eleven property …
Continue reading “South Africa’s Vikule Property acquires Spanish retail parks for €193m”
The Socimi led by Luis López de Herrera-Oria has completed the acquisition of the Spanish headquarters of McKinsey & Co., one of the leading international consultancy firms, for EUR 41.8 million. This is one of the properties that Axiare Patrimonio announced was in its investment pipeline on 15 November. The acquisition was carried out off-market, …
Spanish property market recovery remains stable, though the growth in sales was down significantly compared to January and February, according to the latest figures from General Council of Notaries. Home sales increased by 5.8 percent in March compared to the same month of 2015 and there were 38,674 homes was sold in March.When corrected for …
