Business Immo, the real estate website

BBVA

Bank

Last update January 25, 2021 | Report an error

Thierry Barbier

Responsable des financements France

Lionel De Orueta

Directeur central pour la France

Housing

After 25 years delay, Madrid approves €7.3bn New North redevelopment

Madrid city council has, after 25 years of political deadlock, approved the massive €7.3bn 2.7m sqm Nuevo Norte (New North) redevelopment, also known as (...)

Housing

Spain's unsold housing overhang slips to 459,876 in December

Even amid its current housing boom, Spain has an overhang of 459,876 unsold new homes, and the number is declining only slowly from a (...)

Listed

Spain's Merlin completes €1.55bn ESG-indexed refinancing

Spanish REIT/SOCIMI Merlin Properties has completed a refinancing through a €1.55bn ESG-indexed facility which is the largest in the European real estate sector to date. The new (...)

Housing

Cerberus to expand in Spain, adding housing, logistics to its €10bn exposure

US private equity group Cerberus aims to expand in Spain, adding rental housing, logistics and land acquisition to its €10bn exposure so far mainly (...)

Housing

Blackstone, Caixa, Sabadell are Spain's largest rental housing landlords

As real estate investment capital continues to pour into Spain, US investment giant Blackstone has become the nation's largest residential landlord with 32,000 homes, (...)

Housing

Blackstone takes control of Spain's Testa less than 2mths after flotation

US-based Blackstone has taken control of Spanish listed housing firm Testa less than two months after flotation, buying 50.01% in an offer for Merlin (...)

Housing

Spanish rental housing firm Testa lists on MAB without IPO

Testa Residencial has listed on Spain's MAB exchange without an IPO, becoming Spain's largest rental housing REIT/SOCIMI with over 10,000 apartments. It shares rose 1.44% to €14.10 (...)

Listed

Spain's Metrovacesa halves 1H loss to €8.27m, targets 4,000 home starts

Spanish listed housing developer Metrovacesa halved its net loss to €8.27m in the first six months, and said it expects to start up to (...)

Listed

Spain's Testa issues IPO prospectus at €1.8bn market cap for €13.86 shr

Testa, the Spanish housing firm owned by creditor banks, REIT/SOCIMI Merlin Properties and Acciona Inmobiliaria, has issued its stock market prospectus targeting capitalisation of €1.83bn at a share price (...)

Listed

Metrovacesa becomes first Spanish property firm to join Blockchain group

Madrid-based residential developer, re-floated in February by bank creditors, has become the first Spanish property group to join Blockchain consortium Alastria. A senior executive told (...)

Housing

Spain's Testa housing group in €89m pre-IPO capital raise to cut Merlin Property ties

Spanish housing group Testa, being prepared for an IPO in the next few months, is to make a capital increase of €89m for subscription by (...)

Finance

Shares in Spanish housing firm Metrovacesa slip below last week's IPO price

Shares in Madrid-based residential developer Metrovacesa, one of the biggest casualties of Spain's recent recession, fell in trading Monday to €15.27, below its IPO price (...)