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Chairman of the Board & President

Housing

Corestate adds first Spain property for JOYN biz apartment brand, eyes 10

Corestate Capital Holdings, listed in Luxembourg, has acquired the first Spanish property for its JOYN brand business apartments in Madrid, and aims to have 10 operational (...)

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 (...)

Retail

Allianz confirms €250m Madrid buy, says has €500m debt exposure there

Allianz has confirmed its €250m Castellana 200 purchase in Madrid and said it also now has €500m debt exposure in Spain's capital, which it ranks 4th (...)

Listed

Spain's Metrovacesa set to win green light for €260m Madrid refurbishment

Spain's Metrovacesa is set to win the green light to invest €260m in a huge refurbishment in northern Madrid to produce 88,702 sqm of (...)

Listed

Spain’s Metrovacesa to pay dividend ahead of plan after strong 2018 revenues

Spanish listed housing developer Metrovacesa is to distribute a dividend for 2018 ahead of plan after revenues surged to €201m and despite a net (...)

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 (...)

Housing

Spain's Metrovacesa launches €400m housing project in Palma de Mallorca

Spanish listed residential developer Metrovacesa is to invest €400m in a new housing neighbourhood in Palma, capital of the vacation island of Mallorca, which will offer (...)

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 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 (...)

Office

Allianz invests in first office project in Spain in JV with Tishman

Allianz Real Estate has invested in its first office project in Spain via a 50/50 joint venture with Tishman Speyer in Madrid to develop (...)

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 (...)

Office

Spain's Metrovacesa signs JV worth €87m with Tishman for Madrid office project

Recently re-listed Spanish property group Metrovacesa has signed a joint venture with US group Tishman Speyer to jointly develop office building land in Madrid worth over €87m. In a (...)

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

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 Metrovacesa posts €39m net loss, re-starts as listed group with zero debt

Metrovacesa, the Spanish housing developer re-floated last month, said it earned €28m in revenue last year at a gross margin of 25% - in (...)

Listed

Canada’s Ivanhoé Cambridge cuts stake in French Gecina to 15.4%

Ivanhoé Cambridge, the real estate investment arm of Quebec-based pension fund manager CDPQ, has trimmed its holding in French office REIT/SIIC Gecina by 4.28% via a (...)

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 (...)