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Contributors

Ana Botín-Sanz de Sautuola y O'Shea

Chairman - Executive Director

Javier Garcia-Carranza

Deputy Managing Director

Carlos Manzano

Managing Director

Manuel Velicia

Risk Manager Structured Finance

Ana Botín-Sanz de Sautuola y O'Shea

Chairman - Executive Director

Javier Garcia-Carranza

Deputy Managing Director

Carlos Manzano

Managing Director

Manuel Velicia

Risk Manager Structured Finance

Finance

Accor successfully places €500m hybrid perpetual bond issue

Accor today successfully placed a €500m perpetual hybrid bond with a 7.25% coupon. "The transaction was oversubscribed by approximately four times, reflecting renewed investor (...)

Logistics

AtlasEdge secures €725m finance facility

Pan-European Edge data centre provider AtlasEdge has secured a scalable €725m facility underwritten by mandated lead arranger ING Bank, as well as ABN Amro, Crédit (...)

Finance

Gecina raises a new €500m green bond

Paris-based REIT/SIIC Gecina today successfully placed a new €500m green bond with a maturity of 11 years (due in January 2033) and a coupon of (...)

Listed

Klépierre places a €600m 2031 bond at a 0.875% coupon

French mall REIT/SIIC Klépierre announced today the successful placement of a €600m bond maturing in February 2031 and paying a coupon of 0.875%. Subscribed more than (...)

Listed

Gecina successfully raises €400m on the bond market

Gecina has today successfully raised €400m through the matching of the two bond issues, with an average maturity of 10.1 years and an average (...)

Hospitality

Dutch Student Hotel wins €90m finance for Spain projects, eyeing €200m AUM

Amsterdam-based The Student Hotel has secured €90m in financing to develop two hotels in Madrid and Barcelona, and refinance existing assets as it moves (...)

Office

Madrid 1H office take-up jumps 25%yy to highest in 12 years

Take-up in Madrid’s office market reached 355,800 sqm in first half 2019, the highest recorded in 12 years and up 24.6% from 1H18, according (...)

Housing

Blackstone, in selling mode in Spain, puts €200m home loans up for sale

US wealth management giant Blackstone remains in selling mode in Spain, putting up for sale a package of residential mortgage loans worth €200m, part (...)

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 (...)

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 (...)

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 bank Santander launches new firm to exploit €4bn land holdings

Spanish private lender Santander has launched a new firm, Landmark Iberia, clustering €4bn of land holdings and aiming to exploit these via construction projects, (...)

Finance

Bids for Apollo stake in Spain's Altamira servicer said reaching €1.5bn

The sale of Spain's Altamira servicing firm by US fund Apollo, likely to change hands for around €1.5bn, has attracted Canada's CPPIB, Italy's doBank, Sweden's Intrum, (...)

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, (...)

Finance

Santander said in €3bn bid for own Madrid HQ; Blackstone stays out

Spain's Banco Santander has bid over €3bn to buy back its own HQ near Madrid in an off-market auction conducted by liquidators of the (...)

Housing

Spain’s Santander to sell 36k resi portfolio to Cerberus for €1.5bn

Spain's Banco Santander has reached agreement to sell US-based opportunity fund Cerberus a portfolio of 35,700 residential properties for over €1.54bn, representing 55% of (...)

Finance

Blackstone, Centerbridge said in €3bn bid for Santander’s Madrid HQ

In one of the biggest real estate deals this year in Spain, a consortium led by US funds Blackstone and Centerbridge is reportedly offering over €3bn (...)

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 (...)

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 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 (...)

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 (...)

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 (...)

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

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 (...)

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 (...)

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

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 (...)