The implementation of the SOCIMIs and the arrival of large international funds to Spain have left record numbers of investment in the Spanish real estate sector. Among these purchases, highlight an asset: the offices.
According to a report by Deloitte Real Estate, 40% of purchases of non-residential assets (ie, offices, schools and shops, hotels and logistics platforms) that occurred in Spain last year were office buildings. Thus, of the 6,500 million invested in 2014, 2.520 million were used to purchase property as the headquarters of Vodafone and Capgemini, in Madrid; or Gallina Blanca and HP in Barcelona; or the old offices in Bilbao BBK.
IBM Headquarters
Features: building, 46,000 meters, occupied by IBM. Seller: Morgan Stanley. Buyer: Mexican Finaccess Fund. Price: 130 million.
Credit Suisse Portfolio
Features: Four offices, one in Barcelona. In operation a ship is included in Tarragona. Seller: Credit Suisse. Buyer: RE Axia. Price: 180 million.
Headquarters in Bilbao BBK
Features: The former home of 8,000 square meters, will be converted into store. Seller: Kutxabank. Buyer: Mango. Price: 40 million.
In total, nearly 50 operations, where more than half (57%, according to Deloitte Real Estate) the closed institutional investors with a profile like SOCIMIs.
The four real estate companies listed on the Continuous Market Merlin Properties, Lar Spain, Hispania and Axia Real Estate- have acquired in the past year office buildings. So Merlin Properties, the largest Socimi we currently trading in Spain, invested 130 million purchase five office buildings in Madrid, occupied by groups such as Philips, Vestas and Neoris. Yesterday announced the purchase of the headquarters of Gallina Blanca, with two logistics warehouses, for 88 million euros.
Meanwhile, Axia Real Estate paid 180 million for a portfolio of properties that Credit Suisse had in Spain and where 3 office buildings located in the Campo de las Naciones were.
Read more on: http://www.expansion.com/2015/01/15/empresas/inmobiliario/1421358005.html