Business Immo, the real estate website

Jordi Argemí Garcia

Deputy Chief Executive Officer (CEO) - Chief Financial Officer (CFO)

Borja Garcia-Egotxeaga Vergara

Chief Executive Officer

Jorge Pepa

Executive Vice President

Listed

Spanish REIT Arima wins €60m equity offer from Canada's Ivanhoé

Amid a growing trend for private capital to buy into listed real estate, Spain's REIT/SOCIMI Arima has won a €60m subscription offer from Canada's (...)

Listed

Paris-based Orion raises stake in Spanish Neinor Homes to 27%, joins board

Paris-based opportunity real estate manager Orion Capital Managers is now the senior shareholder in listed Spanish housing developer Neinor Homes at 27%, and is (...)

Housing

Spain's Neinor to invest €180m to build 600 homes in Catalonia by 2021

Spanish residential developer Neinor Homes is running 33 projects in the Catalan region, and aims to invest €180m more by 2021 to build 600 homes there, (...)

Housing

Spanish housing developer Neinor reverses 1H18 net loss with profit of €12.4m

Neinor Homes, the Spanish housing developer with Orion Capital Managers as a major shareholder, this year reversed its 1H18 net loss to report profit of (...)

Listed

Paris-based Orion builds Spanish Neinor stake to second biggest 11%

Paris-based Orion Capital Managers has, with a stake of 11.1%, become the second largest shareholder in Spanish housing developer Neinor Homes just two months (...)

Listed

Europe's listed property shifts as Baer takes Spain stakes, Aroundtown raises at Globalworth

Europe's listed property holdings are shifting. Swiss Julius Baer has taken stakes in Spain's Metrovacesa and Neinor, while Aroundtown's holding in AIM's Globalworth has (...)

Logistics

Spanish Neinor Homes CEO Velayos steps down after 60% share price slide

Spanish Neinor Homes CEO Velayos has stepped down in a move seemingly sparked by shareholders, including offshore fund Adar, following a 60% slide in (...)

Listed

Spanish resi developer Neinor posts 2018 €46m net profit, demand strong

Spanish residential developer Neinor Homes reported net profit of €45.99m in 2018, turning round a 2017 loss of €25.93m, and said it continues to see strong (...)

Housing

Spain's resi developers to reach 'cruising speed', starting 34,000 homes

Around 20 housing developers in Spain, some newly established, will reach 'cruising speed' this year, handing over almost 16,000 homes and starting another 34,000. A (...)

Listed

Spain's Neinor reports first profit in 2Q at €2.5m net, says home devs on track

Spanish listed residential developer and owner Neinor Homes reported its first profit in the second quarter, at net €2.5m and EBITDA of €5.3m, and said progress (...)

Housing

New Spanish government eyes rent controls, tax deductions to aid housing

The new Spanish government of Prime Minister Pedro Sanchez is aiming to change the law to make affordable housing more accessible to the lower (...)

Listed

German TLG shareholder Adar exits, Dayan converts to 22.5% direct stake

Major shareholdings in German listed TLG have shifted again. Hedge fund Adar has sold its entire 18.17% stake while another, Ouram controlled by Israeli investor Amir (...)

Listed

US Lone Star to exit 2nd European listed firm, selling 61% Warsaw GTC stake

In its second exit from a listed European property group in six months, Texas-based opportunity fund group Lone Star is to sell its entire 61% holding (...)

Listed

Adar has no plans to breach 30% of Spain's Neinor - CIO Marynberg

Adar Capital Partners has no plans to raise its stake in Spanish listed housing developer Neinor Homes above 30%, thus triggering an obligatory takeover offer, its CIO (...)

Listed

Israeli Adar's stake in Spain's Neinor soars to 27.8%, sparking bid speculation

Israeli-controlled fund manager Adar Capital Partners has now built its stake in Spanish residential developer Neinor Homes to 27.8%, sparking speculation in Spanish media (...)

Housing

IPO costs push Spain's Neinor to €26m loss in 2017; project run-rate raised

Madrid residential group Neinor Homes dipped to a 2017 loss of €25.9m, reversing a profit of around €1m for 2016 mainly due to costs associated with (...)

Finance

German TLG shareholder Adar takes largest 9.2% stake in Spain's Neinor Homes

Israeli-controlled fund manager Adar Capital Partners, a senior shareholder in Germany's TLG Immobilien, has built a 9.2% equity stake in Spain's Neinor Homes, making it the largest (...)

Housing

Finnish housing firm Kojamo confirms evaluation of stock market listing

The chief executive of Finnish rental housing firm Kojamo, which owns over 34,000 residential units worth €4.7bn and is currently controlled by domestic institutions, confirmed (...)

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 (...)

Finance

Norway's €874bn SWF holds 4.8% of Spain’s Neinor after placement

Norway's giant pension sovereign fund has declared a 4.8% investment in Spanish REIT/SOCOMI Neinor Homes after the accelerated book building last week in which the sponsor, (...)

Finance

US Lone Star sells remaining stake in Spanish housing firm Neinor

Giant Texas-based opportunity and wealth management group Lone Star has sold almost all its remaining stake in Spanish housing firm Neinor Homes which it floated last March. The (...)

Finance

European public real estate in good shape, led by German resi, French/Spanish office

European public real estate markets are in good shape as our website goes live. German housing stocks are near highs, as are most of (...)