CBRE Global Investors, on behalf of clients, has acquired 1 Plaza Colon Madrid from the owner occupier, Barclays Bank.

Catella has closed the acquisition of two residential properties located in Pinto’s Tenería neighbourhood of Madrid.

Europe’s commercial real estate (CRE) loan portfolio market will bounce back in 2017 with sales expected to rise by up to 21% to as much as €60bn.

Rockspring Property Investment Managers has let 11,220 sq m of space at its recently developed Grade A logistics park in Madrid to Leche Pascual Group, a Spanish manufacturer and distributor of dairy and other food products. 

Oaktree Capital Management has been selected by Spain’s Banco Sabadell to buy a portfolio of real estate loans valued at around €950 million, according to Spanish press reports.

The newest fund established by ActivumSG Capital Management, a turnaround firm focused on European real estate investments, has acquired two sites in Spain’s Costa de Sol for prime residential developments.

“Alternative” property assets are on course to capture a record share of Europe’s commercial real estate transactions this year as data centres and retirement/care homes bucked the general trend of falling investment volumes, research by Real Capital Analytics (RCA) shows. 

Axiare Patrimonio has invested €124m in a Madrid office asset. The 15,094sqm property, refurbished in 2012, is the headquarters of law firm Cuatrecasas, Gonçalves Pereira. Axiare, a Spanish REIT (SOCIMI), said the purchase of the property, on Calle Almagro, took the firm’s property portfolio to more than €1.2bn.

Aquila Capital has acquired its third residential real estate development project in Spain.The property comprises a 23,000 sq m site in La Moraleja, considered one of the most exclusive districts in Madrid.

According to data published by CBRE, Spain is the sixth largest country in the European Union for real estate investment during the first 9 months of 2016, with investment amounting to €6,438 million.

Spain’s love affair with home ownership is starting to fade. Having witnessed the meltdown in the country’s property market at the height of the European financial crisis, more young Spaniards are turning their backs on their parents’ dream of owning a home. The emerging trend is leading Merlin Properties Socimi SA to bet it can overtake Goldman Sachs Group Inc. and Blackstone Group LP in the rental market.

European hotel investment volumes totalled €3.8 billion in the third quarter (Q3) of 2016, taking the total turnover to €10.3 billion since the start of the year. Q3 2016 was overall more positive compared to the first half of 2016 with the decline in deal volumes only by 6% compared to a strong Q3 2015. 

Dutch pension asset manager APG’s retail partnership is investing in four European outlet assets. The VIA Outlets partnership with Hammerson, Meyer Bergman and Value Retail is buying four centres worth €587m and at a net 5.5% yield.

A joint venture between Neinver and TIAA has completed the purchase of Nassica, an outdoor retail park and leisure park in Madrid. TH Real Estate act as investment adviser for the joint venture.

The Socimi obtained net profits of EUR 91.3 million in the third quarter of 2016, up 145% year-on-year. Rental income from real estate assets reached EUR 30.5 million in the third quarter of 2016, up 22.5% year-on-year. In the first nine months of the year, the company signed a total of 22 new rental agreements and renegotiations, with considerable rent increases, on more than 91,000 sqm of gross leasable area (GLA). 

Hispania has recorded gross rental income of EUR100 million and recurring EBITDA of EUR64 million, making a net profit of EUR137 million for the first nine months of the year.

Corestate Capital Holding, a fully integrated real estate investment manager and co-investor, has acquired a re-development asset in Madrid to realize a student home project. The current planning phase envisages a total lettable area of 4,022 sqm, featuring 260 rooms with 302 beds. 

TH Real Estate and Neinver have completed the purchase of the Nassica shopping centre from the private equity firm KKR for €140 million.

Spain’s hotel industry is one of the most profitable in the world, according to Javier Serrano, Director of STR for Spain and Portugal. Proof of this comes from the double digit increases in RevPar (revenue per available room) seen during the first nine months of 2016 in the main Spanish capitals, with the exception of Barcelona (+8.9%) and Marbella (+8.2%), which are already well established markets.

IDI Gazeley has completed the sale of six logistics assets across Italy and Spain to real estate funds managed by Blackstone. The sale comprises of 1,400,000 sq ft in Italy and 755,000 sq ft in Spain. The transaction value has not been disclosed. The transaction completed on 31st October 2016.