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.
The Prasa group has left Realia, real estate in which had a 3% stake, on the eve of the tender offer (IPO) of Hispania and before and beyond the businessman Carlos Slim by the company.Prasa sold in late January its remaining shares in Realia, valued at 6.5 million euros, as recorded in the records of the Comisión Nacional del Mercado de Valores (CNMV).The company secunda in this way Lualca, another minority shareholder of Realia, which in late January dropped below the level of the 3% its stake in real estate, selling real estate titles in this representative of 2% of your capital.Both Prasa as Lualca entered Realia in 2007 after the IPO in mid of this year's controlled by FCC and Bankia real estate, when they took 5% of their capital each.
Read more: http://www.europapress.es/economia/noticia-economia-empresas-grupo-prasa-sale-realia-visperas-opa-hispania-20150205133823.html
The Extraordinary Shareholders' Meeting of Testa, Sacyr subsidiary, has ratified the appointment by cooptation of Fernando Lacadena Azpeitia as director and is re-elected for the statutory period of four years.The council, the board of administration has expressly grateful to Daniel Loureda López dedication given to the company in the last seven years and has ratified Fernando Lacadena as CEO.In addition, the Board has approved a new distribution agreement between the shareholders fund, by reducing the nominal value of the shares of 669.7 million euros and a distribution of an extraordinary dividend of 527.7 million euros, which should be developed simultaneously with the increase in equity of the company. For this extension, for a minimum amount of 300 million euros, the Board had delegated authority to the board to run in the time when market conditions allow targets to achieve satisfactory Testa and its shareholders.
Read more: https://www.capitalmadrid.com/2015/2/4/36964/testa-ratifica-a-fernando-lacadena-como-consejero-delegado-por-cuatro-anos-mas.html
Investment activity in the commercial real estate sector in Spain has started the year with the same force with which closed 2014. In just one month, the investment volume has risen to nearly 1,100 million euros, roughly the total achieved in the first quarter of last year, according to Savills, international real estate consultancy.This has been the best start of the market in the last five years in terms of transacted volume, although the number of transactions posted up yesterday-nine level is the inconspicuous when compared to other exercises."January and February are dragging operations that could not be closed before the holiday, however, the pipeline of investment operations in retail and offices today exceeds 2,000 million euros. We expect investment volumes similar or even higher than those 2014, "says Luis Espadas, director of Savills Capital Markets in Spain.Two transactions account for almost 80% of the investment. It's Gran Vía 32, acquired by Pontegadea for about 400 million euros, according to market sources, and Puerto Venecia mall, 451 million, the deal was announced at the end of the year, but was finally signed in January."Both operations not only support the trend of rising mega deals (those exceeding 100 million euros), which rose from 2.5% of total transactions in 2011 to 9% last year, but far outweigh the volumes of the largest operations in 2014.In addition, Savills notes that in each case is a unique building, facing two separate portfolios in 2014 (the 70 buildings of the Andalusian reached 300 million euros and Carrefour portfolio of 350 million euros).Office Market SuccessAmong other transactions, again excels interest in the office segment Madrid, who in 2014 broke record reaching the highest number of transactions throughout their historic range, with 71 transactions recorded and has started 2015 off right. Five buildings in two weeks, almost all within the M-30.
Read more: http://www.eleconomista.es/empresas-finanzas/noticias/6450105/02/15/El-mercado-inmobiliario-registra-el-mejor-arranque-de-ano-desde-2010-.html#Kku8NK270LSf6FsF
The approval will allow restoring normalcy first occupation licenses already granted and work that had been affected by litigation.
After the reactivation of licenses, it is estimated that in the next months the works of 1,000 new homes, mostly in private housing scheme will start.
The international property consultant CBRE has closed the sale of the building Gran Via 14 Madrid for around 21 million euros a Mexican private investor.
Europe “seems to have regained the favour of investors,” demonstrated by the fact that 70% of investors chose Western Europe as “the world’s most attractive region for real estate investment,” according to the CB Richard Ellis European Real Estate Investor Intention 2014 study.
