Iberian Property

At the final stretch of the year, the Bain Capital fund and the developer Momentum have closed the sale to Greystar of the second largest portfolio to be sold in #Spain in the #FlexLiving market. These are three temporary apartment complexes located in Alcobendas (#Madrid), Barakaldo (#Vizcaya) and Sant Cugat del Vallés (#Barcelona), totalling close to 1,800 units, which are reported to amount to 300 million euros. Of the now acquired assets, already being marketed under the Be Casa brand, only Alcobendas is already completed, 📖➡️ Read the full news here: https://lnkd.in/dz-UWmbV

Operation Chamartín moves forward with €1,245M land acquisition The developer owned by BBVA, MERLIN Properties and SANJOSE CONSTRUCTORA, has acquired the land of the Chamartín and Fuencarral railway sites from ADIF and Renfe, promoting the largest urban development project in #Europe, Madrid Nuevo Norte. Over more than one million square meters, the project envisages the construction of 10,500 homes, 38% of which will be subsidised. It will also include a new Business Centre, with ten skyscrapers that will transform the skyline of the capital, including what will be the tallest building in #Spain, at more than 300 metres high. 📖➡️ Read the full news here: https://lnkd.in/dBYjfscd

Green light for €2 billion project on Matinha land, the largest and most impactful urban #requalification carried out by private capital after Expo 1998 in #Lisbon. VIC Properties will lead the redevelopment of the former Matinha Gas Factory, which foresees the construction of 2,000 new homes, 120,000 sqm of green spaces and leisure facilities, 65,000 sqm of services and retail, as well as a new school and various entertainment venues. The Matinha site was acquired by VIC Properties in 2019 and has an estimated gross global development value of around 2,000 million euros, creating for the effect 3,000 direct jobs during the construction phase. 📖➡️ Read the full news here: https://lnkd.in/deZQyEf6

AM ALPHA sells BPlanet retail park in Greater Lisbon to Redevco, representing the largest retail park transaction ever carried out in Portugal. BPlanet encompasses more than 35,000 square metres of lettable area and boasts a diverse tenant mix, including national and international retail leaders. Located in Barreiro, part of the Setúbal district, the #RetailPark has a catchment area of around 200,000 residents within a 20-minute drive. AM ALPHA was advised on the transaction by RPE Capital Markets and JLL, with legal counsel provided by PLMJ. Multi Corporation has acted as property and centre manager of BPlanet since its acquisition by AM ALPHA. 📖➡️ Read the full news here: https://lnkd.in/d5C_viRS

M&G Real Estate acquires a €46M flex living scheme in #Lisbon The new asset, a 259-room accommodation, will be adjacent to M&G’s ongoing #PBSA development “The Mile”, due to be complete in 2025. The new #FlexLiving project, "The Yard", features over 13.000 square meters, comprising 203 studios and 56 one-bedroom premium rooms, expected to be ready for occupation in the first half of 2027. 📖➡️ Read the full news here: https://lnkd.in/d4HYx_7v

It’s time to get the engines running! In the latest episode of the Iberian Property #podcast, one of the world’s largest real estate investment managers, with €37bn in assets under management in Europe, comments wether the time has come to get ready for the next up-cycle. 🎙️ I had the pleasure of speaking with Carsten Czarnetzki, Head of #Iberia at AEW, who highlights: ➡️ how the firm diverse #financing strategies enable activity across core, value-add, and opportunistic investments. ➡️ Beds & #Sheds and prime #Logistics as favorite sectors to expand the Iberian portfolio. ➡️ An "odd" movement in #Offices prime yields surpassing the logistics prime ones, an indicator that added to rental forecast growth wraps the discussion...offices are not dead! Want to understand the criteria shaping AEW’s #investment rationale? 🎧 Spotify: https://lnkd.in/d9E-JMnE 🎧 Apple Podcasts: https://lnkd.in/diDvgGJg

AEDAS Homes buys land for €129M to build 2,800 homes, a portfolio comprising nearly 50% free residential, 20% VPO and 30% tertiary and under development. In all cases, around 90% is located #Madrid. Although the final closing of the transaction is expected to take place in the coming weeks, Habitat Inmobiliaria's board approved the divestment yesterday and AEDAS has already produced an official statement to the National Securities Market Commission (CNMV). This transaction marks the first sale carried out by Habitat since NEINOR HOMES took the reins. After this new purchase, AEDAS's total #land bank in #Spain, including owned assets (71%), co-investments (9%) and developments managed for third parties (19%), guarantees it a workload to develop 24,000 homes. 📖➡️ Read the full news here: https://lnkd.in/dUM3q66U

Barings Real Estate enters the Valencian #logistics market with €100M #investment The company has closed a turnkey deal with Grupo Bertolín to acquire a logistics park located in Moncada, with a GLA of 123,000 sqm. Located in the first logistics ring of #Valencia, the development will be carried out in three phases starting in the first half of 2025. At the same time the company also announced, as part of its strategy in #Spain, the sale of a 55,600 sqm logistics asset, built in 2009 in Ontígola, to Fidelity International. 📖➡️ Read the full news here: https://lnkd.in/dWmFH2dq

Quinta do Lago buys Conrad #Algarve hotel from Davidson Kempner Capital Management The 5-star resort managed by Hilton Hotels & Resorts has 154 rooms and 80 tourist flats, and it now represents the largest single asset transaction in the Portuguese #hotel sector. In this deal, Quinta do Lago was supported by PLMJ. On the seller's side, Uría Menéndez acted as legal advisor, while CBRE Portugal and Eastdil Secured were responsible for brokering the transaction. 📖➡️ Read the full news here: https://lnkd.in/dcnAUC-5

Stoneweg has bought the former Comedia cinema on Passeig de Gràcia, which has been closed since January, to give light to a new cultural facility - the future "Museo Carmen Thyssen #Barcelona". Initially, there had been talk of a rental agreement with the owners, the Pla i Planàs families, but negotiations have finally led to a purchase and sale agreement so as not to be restricted and to be able to carry out a major project. The #investment exceeds 100 million euros, considering both the purchase of the property and the adaptation works. 📖➡️ Read the full news here: https://lnkd.in/dsw7p8MU