CBRE international property consultant, selected by IDI Gazeley, Logistics Brookfield Properties, to manage its portfolio of logistics assets in Europe. The portfolio of IDI Gazeley, one of the leading logistics investors and developers worldwide, has 39 logistics warehouses spread across six European countries and which total over 850,000 square meters.
The REIT Lar Spain has launched a bond issue amounting to 140 million euros which have a maturity of seven years and accrue an annual interest rate of 2.90%, according to the company.With this operation, the company seeks to raise funds to continue the strategy of investing in real estate assets in Spain that began when he went public.Lar Spain thus opens in the capital market almost a year after that in March 2014 became the first REIT that went public.The bonds issued by the company are directed exclusively to qualified investors and are listed on the Irish Stock Exchange.GAINSMoreover, Lar Spain reported that at the end of 2014 had a portfolio of real estate assets valued at 406 million euros, value of a surplus of 7.3 million compared to the amount of purchase of the buildings, as is clear from report by consultancy Jones Lang LaSalle.In the eleven months since its formation and IPO, Lar Spain has invested a total of 460 million euros to buy tertiary real estate assets in Spain, amounting to 25% higher than initially expected.The portfolio of assets acquired by Lar fifteen sum an area of 263,421 square meters. The majority (41%) are located in Madrid, and the rest in other locations such as Valencia and Barcelona.45% are shopping centers, another 26% offices, 13% for housing, 10% to logistics centers and 6% commercial establishments.
Read more: http://www.europapress.es/economia/noticia-economia-empresas-socimi-lar-espana-lanza-emision-bonos-140-millones-euros-20150212122109.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
JLL, professional services firm specializing in management and real estate investments, Luis Giménez has joined as senior consultant within the Corporate Solutions team, reporting directly to Borja Basa, Head of Advisory Services & Corporate Solutions at JLL Spain and Regional Director EMEA.
The movements in the real estate sector happen to a year that promises to Spanish brick after the investment be placed at 2014 levels prior to the crisis. Arcane independent financial advisory firm, has joined Eduardo Fernandez-Cuesta as a new member of the group, whose goal this year is to jump right into the property market at a time of clear recovery.Fernandez-Cuesta, who until August 2013 held the presidency of CBRE Spain, will be responsible for leading the Arcane bet for real estate area with the creation, first, of investment vehicles and, secondly, the implementation of an area of corporate finance for real estate. A division would provide, among other advisory services related to corporate operations in this sector, mergers and acquisitions of companies, corporate debt restructuring or business valuation.Arcano has chosen for his coming-out in this market to a man with over 25 years of experience behind him, with a significant track record on the Spanish real estate sector since has witnessed years of experienced binge heat of boom and the ravages caused by the crisis.His resume speaks for itself. In his 25 years in the consulting, Fernandez-Cuesta he worked in the investment department and promotions for later lead the residential area. In 1998 he became president of the company in Spain until last summer took command of the firm Adolfo Ramirez-Escudero. Since 2013 he is also president of Royal Institution of Chartered Surveyors (RICS), a global organization of real estate professionals."I face this professional challenge with enormous enthusiasm and confidence. Arcano Real Estate provides a competitive advantage to the real estate sector in Spain thanks to our team of professionals, the reference position that the firm has in the market, and deep knowledge we have the industry and its key players, "said Eduardo Fernandez-Cuesta, who will become the 13th member of a group led by Álvaro de Remedios as president and Jaime Carvajal, as CEO.
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Totaled 2,520 million euros, representing 40% of volume in non-residential.
The average price of office rents are stabilizing after years of adjustment.
