Business Immo, the real estate website
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, say executives (...)

Listed

Portugal REITs are 14th in EU but tax yet to be clarified - Iberian Property/EPRA conf.

With its REITs launch this month, Portugal became the 14th of 28 EU members to introduce the regime, but the tax status has yet to be (...)

Office

US Kildare pays €375m to acquire Lisbon's Lagoas Park office complex

Portuguese construction firm Teixeira Duarte has closed the sale of Lagoas Park, a mainly office complex in a suburb of Lisbon, to the Europe-focused US private equity group Kildare (...)

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 REIT/SOCIMI Merlin Properties to (...)

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 holdings have (...)

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 the Iberian REIT Conference (...)

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 of the (...)