Optimum III Acquires Office Building in Madrid for €10.2M

Uncategorized Optimum III, the residential Socimi owned by BMB Investment Management and the US fund Bluemountain, is continuing to fatten up its asset portfolio with new purchases. The company has acquired part of an office building in Madrid. The purchase of this property has...
Nov 28, 2017

Asprima: Buildable Land is Running Out in Madrid

Uncategorized Land is running out and the market is becoming distorted in the Spanish capital. For two years, the price of buildable land for the construction of new homes in the Community of Madrid has been rising, especially in the centre. There is not much buildable land left...
Nov 27, 2017

Axa Buys Remaining 45% Of Hotel Diagonal Mar For €70M

Uncategorized Axa Real Estate is not one to rest on its laurels and so has acquired 100% of Hotel Diagonal Mar in Barcelona. The real estate arm of the French insurance company has committed to paying Iberdrola Inmobiliaria €70 million for the remaining 45% of the establishment to...
Nov 20, 2017

Chiado is the 33rd Most Expensive Street in the World

Uncategorized Chiado continues to be Portugal’s most expensive street shopping location, coming in 33rd globally in Cushman & Wakefield’s annual “Main Streets Across the World 2017” ranking. This area in Lisbon registered a 15% increase in its average rent, which currently...
Nov 19, 2017

Canal Isabel II Sells Building In Madrid For €16.75M

Uncategorized Canal Isabel II, the utility company responsible for supplying water to the Community of Madrid, has sold a building located on Calle Buen Suceso, 12 in the Argüelles neighbourhood of the Spanish capital, at auction, for €16,750,000. The 5-storey property dates back...
Nov 17, 2017

Madrid’s Gran Vía To Be Part Pedestrianised By 2019

Uncategorized On 4 April 1910, King Alfonso XIII seized a silver pick to symbolise the start of the construction of Madrid’s Gran Vía. It took 21 years to finish the 1,306m long thoroughfare, which, as well as connecting the east and west of the capital, became a showcase for large...
Nov 14, 2017