Madrid—Miami-based Elandis, real estate development and management company of the Libra Group throughout the Americas, entered the European market with a new office in the Spanish capital city of Madrid.
The new venture will offer the possibility to explore numerous residential, commercial and hospitality sector investment and management opportunities throughout Spain. Elandis in Spain will consider a wide range of investments typically in the $16.7 million to $55.5 million region–not only in the country’s main cities but in all of its autonomous regions. The new division is looking to replicate Elandis’s strong track record in the acquisition, improvement and sale of real estate across the Americas.
“We are confident that our investment strategies and property management methodologies, now well-proven in the Americas, will be highly relevant to the real estate market in Spain,” said Frank Espinosa, CEO of Elandis, in prepared remarks. “Our team in Madrid is all about professional, flexible investment decisions and will consider the whole range of real estate asset classes. We are accustomed to working internationally and this new office opens up many new opportunities.”
Elandis has particular knowledge in restoring and refurbishing multifamily properties and considerable experience in owning and developing hotel assets for the hospitality industry. It is currently partnering with Hyatt Hotels to develop and own nine branded hotels in major towns and cities across Brazil.
The company has 2,500 residential units, 25 hotels and 10 real estate development projects across six countries, as well as a portfolio of more than 5.8 million square feet developed and under development.
IMMOFINANZ raised the occupancy level in its office standing investments by roughly seven percentage points to nearly 82% by the end of the 2015/16 financial year (as of 30 April 2016). Rentals in the office segment totalled approx. 388,000 sqm, or 29% of the total area, according to preliminary numbers.
JLL, the international real estate services provider, has appointed Enrique Losantos as its new Managing Director for Spain. Losantos has been the Director of JLL's Investor Business in Spain since April last year, a role he will now combine with his new country leadership responsibilities.
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CBRE Global Investors has completed the acquisition of a portfolio of 16 logistics assets totaling 250,000 sqm on behalf of one of its separate account clients.
According to CBRE Investment Breakfast Intentions Survey the vast majority of investors expect more than EUR 1 billion of investments in the Hungarian commercial real estate markets in 2016. Participants at CBRE Investment Breakfast hold on 5th Aprils 2016 were much more confident that in 2016 the Hungarian investment volume will increase further than they were last year.
On 19 November 2015, the 19th MAPIC Awards recognised the finest retailers and retail real estate projects during a prestigious gala dinner attended by 300 of the most influential property professionals.
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