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Hispania Activos Inmobiliarios

REITS / Asset management

Institution closed on January 22, 2020

Last update February 29, 2024 | Report an error

Hospitality

Spain's Azora files fund aimed to target €1.3bn at S. Europe resort hotels

Spanish property investment manager Azora has filed its private equity fund with regulators, which targets investing around €1.3bn in resort hotels in southern Europe.  Called (...)

Hospitality

Spain's Azora, Palladium form 75/25 resort hotel JV, eyeing €500m investments

Madrid investment manager Azora is partnering with Palladium Hotel​​​​​​​s in a €500m JV in Mediterranean resort hotels, starting with €115m purchase of three assets, (...)

Housing

Blackstone said preparing wave of Spanish disposals focused on housing

US-based investment giant Blackstone, which holds real estate in Spain worth some €20bn, is reported to be preparing a wave of disposals, including much (...)

Finance

Spanish yields to hold stable after foreign capital surge in 2018 - CBRE

Spanish property yields should remain stable this year, predicts international adviser CBRE, after foreign capital made up €11.8bn of the record €20bn invested in (...)

Office

Zurich Insurance adds €163m Madrid office from Blackstone/Hispania

Swiss insurer Zurich, in one of its first visible deals in Spain, has paid €163.5m for five office assets in Madrid, part of the (...)

Housing

Spain facing shortage of 2m homes, needs €300bn to finance them - report

Spain will need another 2m homes over the next 15 years to meet accelerating demand and to build them must attract around €300bn in (...)

Logistics

Spain's Azora, CBRE said launching €250m last-mile logistics firm

Azora, the Madrid property manager which developed and then sold one of Spain' largest REITs, has launched a firm with CBRE to invest €250m (...)

Housing

CBRE GIP, Madison invest €870m in 6.5k Spanish resi package

CBRE Global Investment Partners and Madison International Realty are jointly acquiring a 6,458-unit Spanish residential portfolio valued at €870m from Madrid's Azora group, which (...)

Hospitality

Spain's Azora eyes more hotel investments after Hispania sale to Blackstone

Azora, the Madrid-based investment manager that built and then sold Spanish REIT Hispania to Blackstone, aims to invest further in resort hotels but is (...)

Hospitality

Airbnb more threat to rented residential than hotel sector - EPRA panel

Airbnb and other similar internet-based lodging platforms pose no real threat to the hotel industry but more to rented housing in the major cities, (...)

Hospitality

Hong Kong-Shanghai's Gaw Capital enters Spanish hotels. Expect fireworks.

Spain, Portugal, Italy, Greece and France. Those are the markets where Hong Kong and Shanghai-based Gaw Capital aims to expand Spain’s Hospes hotels with (...)

Listed

Blackstone €2bn bid for Spanish REIT Hispania succeeds at 74%

US investment management giant Blackstone has succeeded in its €2bn bid for Spanish REIT/SOCIMI Hispania, winning acceptances for 74.02% of equity, well over its (...)

Listed

Spanish REIT Hispania’s board approves increased Blackstone takeover bid

Spain's hotels-focused REIT/SOCIMI Hispania said its board has approved the takeover bid made by US wealth giant Blackstone after the latter raised its offer to €18.25 per share (...)

Logistics

Blackstone said in final stage of buying €90m logistics assets from Spain's Lar

US investment management giant Blackstone, in the middle of a takeover bid for Spain's Hispania, is finalising acquisition of a Spanish logistics portfolio owned by another (...)

Listed

Blackstone's Hispania approval moves Spanish tax income offshore - El Confidencial

The Spanish financial regulator CNMV has approved the takeover bid by Blackstone for hotels REIT Hispania. If successful, the firm will be taken private and all profits will move (...)

Hospitality

Amid Spain's hotel boom, Blackstone will do what it takes to buy Hispania

With Spanish tourism booming and no fewer than 173 new hotel openings forecast in the next four years, US giant Blackstone will likely do what it (...)

Listed

Spain's manager Azora postpones IPO after Blackstone Hispania bid

Spanish real estate manager Azora Altus, which created and manages the REIT/SOCIMI Hispania, is postponing its own IPO in light of uncertainty created by Blackstone's (...)

Listed

Spain's Hispania manager Azora, aiming at €8bn AUM, launches own IPO

Spanish real estate manager Azora Altus, which created and manages the REIT Hispania, is to issue 47m new shares to raise around €500m in its own (...)

Listed

Spanish REIT Hispania to seek alternative buyer to Blackstone

Spanish REIT/SOCIMI Hispania said Monday it will to seek an alternative buyer to maximise value, and that a takeover bid by Blackstone subsidiary Alzette earlier this month following (...)

Finance

Spanish Hispania manager Azora announces IPO; €700m reported capital raise

Spain's Azora, the external manager of REIT/SOCIMI Hispania and other real estate firms, confirmed Wednesday that it is planning its own stock market flotation. Reports say it (...)

Listed

Blackstone launches €1.9bn takeover bid for Spanish hotel REIT Hispania

Giant US investment manager Blackstone has launched a full takeover bid for Spanish REIT/SOCIMI Hispania via its Alzette vehicle, having agreed to buy 16.65% (...)

Hospitality

Spanish Hispania shares jump 7% on reports of Blackstone hotels bid

Shares in Spanish REIT/SOCIMI Hispania jumped by 7.3% yesterday on media reports that US wealth manager Blackstone plans a takeover bid once it executes plans to sell office (...)

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 (...)

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 (...)

Finance

Management fees hit Spanish Hispania 2017 net as it completes investment

The inclusion of managment fees cut Spanish hotel-focused REIT/SOCIMI Hispania 2017 after-tax profit to €249m from €359m in 2016. Excluding these, net came in at (...)

Hospitality

Spanish REIT Hispania, eyeing merger, makes offer to Bay Hotel shareholders

Following its move last year to become the sole owner of Spanish resort group Bay Hotels, Madrid REIT/SOCIMI Hispania is considering a merger or a de-listing (...)

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 (...)

Hospitality

Spanish REIT Hispania to pay €165m for seven resort hotels

Spanish REIT/SOCIMI Hispania has signed an option to acquire, for €165m, seven hotels of the Alua Hotels & Resorts chain on the Balearic and Canary islands (...)

Hospitality

Gold in Spanish resort hotels (1): First mover Hispania tracked by Blackstone, Ruggieri

Gold has been discovered in Spanish resort hotels and REIT/SOCIMI Hispania is the first in the ‘rush’. But other fast movers are close behind. They include Blackstone, (...)

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 (...)