Rockspring has sold a portfolio of Spanish retail assets for €110.7m to Grupo Lar, a Spanish real estate investment trust (REIT). The investment manager said it sold 22 Eroski supermarkets on behalf of a separate account mandate.

Hines, the international real estate firm, and German investment company Universal-Investment, have successfully completed the acquisition of two prime high street retail assets with associated office space in Madrid and Barcelona on behalf of the Bayerische Versorgungskammer (BVK) €1.3 billion separate account.

BBVA’s strategy to curb its exposure in the real estate market continues to bear fruit. The Group announced the sale of a 14 office-building portfolio in Spain, codenamed Project Boston.

Spain is expected to become the world’s second oldest country by 2050, behind Japan. In the rest of Europe, meanwhile, the ageing population trend also continues. What does this mean for investors?

Intu Properties has acquired the Xanadú shopping centre in Madrid from Ivanhoé Cambridge for €530m, financed with a €263m five-year four-bank club senior loan, in the largest shopping centre transaction ever to close in Spain and cementing the REIT’s footprint in the Continental sector.

Intu properties plc (‘intu’) announces that it has exchanged and completed contracts with entities of the Ivanhoé Cambridge Group to acquire Xanadú shopping centre in Madrid, Spain.

Thor Equities has closed on the acquisition of 5 Puerta del Sol in Madrid for EUR43 million. Adjacent to the famed Casa de Correos (Post Office) on Puerta del Sol, one of the best known and busiest areas of Madrid for tourists and locals, the period building features two vacant retail units totalling more than 990 square meters.

NAV per share increased by 25% compared with the adjusted 2015 year end’s figure, reaching €13.72/share. GAV, according to CBRE’s valuation, reached 2,008 million euro, increasing more than 580 million euro against 2015 year end’s figure.

BlackRock Real Assets has closed a debt investment financing a portfolio of operational solar PV assets in the south of Spain with Elecnor, an industrial sponsor.

Ignore those million-plus empty new homes scattered across Spain. A developer owned by Lone Star Funds says there’s never been a better time to build more. Neinor Homes, bought in 2014 by the Dallas-based investor, aims to become one of Spain’s biggest homebuilders by increasing construction in big cities where the housing stock is running low, according to Chief Executive Officer Juan Velayos. Competition is thin after the 2008 real estate collapse wiped out about half the company’s competitors and made banks reluctant to finance development.

TRIUVA, a real estate adviser that manages almost EUR10 billion of European property investments on behalf of institutional clients, has acquired the Adidas flagship store on Calle Gran Vía in central Madrid’s main shopping district. 

Allianz Real Estate has entered Spain’s office market by issuing a €155m loan. The German institution took part in a €395m financing for Spanish property company LaFinca.

Hispania has acquired the NH Málaga, a 4-star category hotel, located in Malaga’s city centre close to the Guadalmedina river, for a total amount of 41 million euro, which includes a total of 245 keys. 

Colonial has executed it Alpha II project which includes the acquisition of four assets – three development projects in Barcelona, Madrid and Paris, plus the acquisition of the Spanish headquarters of the Bertelsmann Group in the CBD of Barcelona.

AXA Investment Managers - Real Assets has agreed a pre-let to international boutique hotel operator Room Mate Hotels at the hotel on Gran Via 43 bis in central Madrid, which it acquired for circa EUR40 million last year, on behalf of an institutional client.

The Shaftesbury Asset Management Group (SAM), on behalf of its discretionary fund Shaftesbury Real Estate Partners 1, has completed two property acquisitions in Europe.

Axiare completes the acquisition of the Cedro Building, headquarters of the consultancy firm Capgemini in Spain for EUR 43.5 million. The office building comprises a gross lettable area (GLA) of 17,032 sqm and 381 parking spaces.

An affiliate of HIG Capital has completed an investment in a real estate asset consisting of the apartment complex Valle Romano located in Estepona, Málaga.

Starwood Capital’s European debt fund, the £363.4m Starwood European Real Estate Finance (SWEF), views Ireland and Spain as offering the best ex-UK European commercial real estate (CRE) lending opportunities in the year ahead.

Axiare completes the acquisition of the property let to PSA (Peugeot Citroën) in Las Tablas, for EUR 41.5 million. The office building, located on Calle Puerto de Somport 8 in Madrid, features a gross lettable area (GLA) of 9,280 sqm and 370 parking spaces.