South Korean investment in UK real estate in the first half of this year was already more than double the level recorded in the whole of 2017, according to Cushman & Wakefield.
Grupo Villar Mir has left the Canalejas project (Madrid), selling the 32.5% that it held in the development to its subsidiary OHL for 50 million euros.
With more than €6.1 billion invested in the year to June, Spain consolidated its position as one of the favourite destinations for investors, behind the United Kingdom, Germany, France and Holland.
The largest of these real estate companies multiplied their assets fourfold since their first major acquisitions in 2015.
The Mahou-Calderón project is pushing ahead. Tomorrow (Thursday), the Town Hall of Madrid is going to approve the urban development plan for the land, one of the most sought-after plots in the Spanish capital.
El Corte Inglés is selling off assets to alleviate its debt. The department store group is negotiating the rating for its bond issue on the capital markets in an effort to reduce its dependency on the banks.
Primark is finally entering the centre of Barcelona. The low-cost fashion company is going to open a flagship store at number 23 Plaza Cataluña.