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Merlin Properties SOCIMI

REITS / Asset management

Last update February 12, 2022 | Report an error

David Brush

Senior Advisor

Ismael Clemente

Vice Chairman - Chief Executive Officer

Arnaud Leroy

Director Asset Management

Retail

Freo and AnaCap acquire Paris 17th's 10 avenue de la Grande-Armée

The joint venture between Freo Group and AnaCap Financial Partners has completed the acquisition of the commercial property at 10 avenue de la Grande-Armée (...)

Listed

Faced with the economic slowdown, listed real estate is to be favoured, according to Sofidy

In its latest market review, published in August 2022, Sofidy announces that corporate margins "will deteriorate in the coming months" and that analysts' estimates (...)

Office

First acquisition in Spain for Inovalis REIT

Inovalis REIT has made its first acquisition in the Spanish real estate market from Merlin Properties, Socimi, S.A. The company has purchased an 11,000 (...)

Finance

Fifth Wall banks on European PropTech

American venture capital firm Fifth Wall Ventures, launched in 2016, has become the largest investor dedicated to PropTech in the United States, with more (...)

Finance

Both buyer and seller in Spanish deal show property cycle far from finished

Cain International’s acquisition of a €225m Spanish office portfolio from Merlin Properties this week shows, quite separate from the deal itself, just how deep (...)

Office

Spain's largest REIT Merlin sells 26-unit office package for €225m

Spain's largest REIT/SOCIMI Merlin Properties has agreed with US-based Cain International and Germany's Freo to sell a 26-unit office portfolio for €225m. The deal represents a (...)

Listed

Spain's Merlin grows 1H FFO 11.6% to €157m, reconfirms div guidance

Spain's largest REIT/SOCIMI Merlin Properties reported a 11.6% rise in FFO to €157.2m in the first half, reconfirming dividend guidance for this year at €0.52. It (...)

Finance

Fifth Wall opens up to Europe with $503m PropTech focused Fund II

Fifth Wall, a PropTech focused American venture capital firm, announced today the close of its second real estate technology fund, a $503m vehicle with (...)

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 (...)

Logistics

Spain's Merlin to let logistics clients use city office parking at nights

Spanish REIT Merlin Properties has announced an innovative plan for logistics last-mile operators to use its city office parking space at nights, plus €300m (...)

Listed

Spain's Merlin 2018 net unchanged at €287m, to pay special dividend

Spanish REIT/SOCIMI Merlin Properties reported unchanged net earnings of €287m for 2018 despite a large asset sale, and is proposing a complementary dividend for (...)

Listed

Dividends, rents to keep Spanish SOCIMIs attractive despite share discounts - conference

Even if Spanish REIT/SOCIMIs are trading below NAV and yield compression has ended, dividend payouts coupled with rising rents continue to make them attractive, (...)

Logistics

KKR, Round Hill said bidding €170m for Spain's El Corte Inglés logistics

US investment funds KKR and Round Hill Capital are reported to be leading the bid, at up to €170m, for a 500,000 sqm logistics (...)

Office

Spain's Merlin adds two new office buildings in Lisbon for €112m

Spanish REIT/SOCIMI Merlin Properties has paid €112.2m at a 5.4% yield to acquire the Art and TFM office buildings in Lisbon, expanding its footprint (...)

Office

Spain’s Colonial looks forward to organic growth after busy 2018

Spanish office REIT/SOCIMI Colonial, after a takeover and a readjustment of capital this year, is looking ahead to delivering organic growth with a rise (...)

Housing

Blackstone wins green light in Spain for €1.33bn Testa resi takeover

US investment giant Blackstone has won the green light from the Spanish regulator to take control of listed housing firm Testa, acquiring the stakes (...)

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, (...)

Listed

After delays, Portugal cites January 2019 as start date for REITs

After several delays, Portugal is planning to introduce REIT legislation in January for all real estate asset classes and will finalise details before year end, says (...)

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 (...)

Listed

Spain's Merlin grows 1H net 8.6% to €458m, EPRA NAV at €14

Spain's largest REIT/SOCIMI, Merlin Properties, increased IFRS net profit by 8.6% in the first half to €458m, and said EPRA NAV rose 6% to (...)

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 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 (...)

Retail

Spain's Merlin expands in Portugal paying €407m for Lisbon Almada mall

Spain's largest REIT/SOCIMI Merlin Properties has paid €406.7m to acquire from Blackstone the Forum Almada mall in Portugal across the Tagus River across from (...)

Housing

Spain’s Testa finalises €207m Caixa resi buy with €92m borrowing

Spanish housing firm Testa Residencial, currently being prepared by its owners for an IPO, has signed a €92m credit financing for the €207m acquisition of (...)

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

Spanish SOCIMI success story set to go further - EPRA/Iberian Property conf.

Spain's REIT/SOCIMIs have succeeded in the government's aims of reviving the nation's previously depressed real estate, boosting the economy and creating jobs, the EPRA/Iberian (...)

Listed

Portugal moving toward REIT start this year – EPRA/Iberian Property panel

Shifting economics and politics in Portugal mean the government is increasingly likely to introduce REIT legislation this year, an EPRA/Iberian Property conference heard. The (...)

Housing

Spain's Testa, with 11,000 resi units, to IPO before summer - Merlin's Clemente

Spanish REIT/SOCIMI Merlin Properties intends to float housing affiliate Testa Residencial on the stock market before summer to become the nation's first listed residential investor, CEO Ismael Clemente says. Its (...)

Finance

Father of Spain's REIT regime to speak at EPRA/Iberian Property event

Miguel Ferre, one of the fathers of Spain's REIT regime, is to take part, alongside four of his most successful 'progeny', Merlin Properties, Hispania, Colonial and Lar España, at (...)

Listed

Spanish REIT Merlin boosts net by 89% to €1.1bn, proposes added 2017 dividend

Spain's largest REIT/SOCIMI Merlin Properties reported a 89% surge in 2017 net profit to €1.1bn, with FFO up 31% at €289m, though per share FFO rose (...)

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 (...)

Retail

Spanish REIT Lar Espana boosts portfolio in 2017 by 29% to €1.5bn

Spanish REIT/SOCIMI Lar España reported a 29% increase in portfolio value last year to €1.54bn, which it said is well above the purchase price of the (...)

Office

Bringing REITs under AIFMD seen counterproductive for Portugal

Bringing REITs under the European Union’s AIFMD directive would be counterproductive in Portugal, which has announced their introduction, says a senior executive of Spain’s (...)

Finance

Portugal to lead Poland, Sweden into Euro REITs club?

It looks as if Portugal will become the next member of the European REITs club as political confusion reigns in Poland, and Sweden shows (...)

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 (...)