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MERLIN PROPERTIES SOCIMI

Retail 19/09/2022

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 29/08/2022

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 14/04/2022

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 03/12/2019

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 03/12/2019

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 31/07/2019

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 17/07/2019

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 26/04/2019

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 15/04/2019

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 28/02/2019

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 15/02/2019

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 05/02/2019

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 18/01/2019

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 12/11/2018

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 06/11/2018

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 17/10/2018

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 19/09/2018

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 17/09/2018

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 31/07/2018

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 31/07/2018

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 (...)