Bilbao-based construction company Neinor Homes have announced plans to float 60 per cent of its share capital on the Spanish stock exchange, setting the Spanish property market on a trajectory of profitable times ahead.The plan comes as vast amounts of foreign investment continues to flow into Spanish residential real estate, and marks the first time a residential property developer has gone onto the stock exchange in ten years.According to ... [Read More]

Apollo, one of the largest fund managers in the world, has emerged on the Spanish real estate market as a major new player alongside, Värde, Castlelake and Lone Star.Led by Andrés Rubio in Spain, Apollo is currently analysing the purchase of its own property developer according to sources familiar with the entity. The firm plan to use a fund currently worth €2,700 million for the acquisition of real estate assets, with the intention ... [Read More]

BBVA recently announced the sale of their largest real estate portfolio in history: Project Buffalo. The entire portfolio was acquired by Blackstone and includes 3,500 assets that consist primarily of completed residential homes, storerooms, garages and retail premises worth a total of approximately €300m.The properties included in the package have been foreclosed and were being held on the bank’s balance sheet. They are located mainly ... [Read More]

Catella Wohnen Europa recently completed an acquisition of two major residential properties located in Pinto's Teneria neighbourhood in Madrid. The twin buildings have an occupancy rate of 93% and a total floor area of 8,092 square metres. Distributed over 216 apartments, 216 parking spaces and 216 storerooms, the two properties are worth a total of 24 million euros.Catella's investment management team in Spain closed the acquisitions by ... [Read More]