Inditex owner Amancio Ortega invests €100 million into Spanish real estate business
Fashion magnate, Amancio Ortega recently invested up to 100 million euros into the Spanish arm of Pontegadea España, the founder of the Inditex fashion empire's real estate business.On par with the likes of billionaires such as Bill Gates and Carlos Slim, Ortega owns Zara among other recognised high street brands and is recognised as one of the world's wealthiest men. According to Spain's Central Mercantile Register, Ortega has recently ...
Spain enters post-crash era after an excellent year for commercial real estate investment
Marking a new post-crash era, a total of 8.9 billion euros has been invested into commercial real estate in Spain, comparable to pre-crisis levels.The news once again confirms the renewed faith investors have in the Spanish property market, on the backdrop of a 3.1 per cent economic growth in 2017 and a further expected expansion of 2.5 per cent in 2018.Despite political upheaval surrounding the Catalan independence movement, Bloomberg ...
5 Reasons to Invest in a Property on the Costa del Sol
With a rise in property prices, sales transactions and both local and foreign demand, there has never been a better time to purchase a property on Spain's Costa del Sol. Here is a brief run through of the latest statistics that contribute to a flourishing property market in the region and an opportune moment to invest in a property on the Costa del Sol today:Rise in optimismThe powerful recovery of the Spanish property market is due in part to ...
Blackstone acquires a large stake in Spanish banks real estate portfolio
In a bid to contribute to Spain's robustly recovering economy, US asset manager, Blackstone Group LP has announced that it will acquire a majority stake in Spanish lender Banco Popular Español SA's real-estate portfolio.
Foreign investment in Spanish property doubles in one year
According to data released by real estate investment analysts JLL, foreign investment in Spanish property has doubled in just one year.The data reveals that foreign nationals have spent a record-breaking €888 million on Spanish properties since the beginning of 2017, more than double the amount spent during the same period last year.Foreign investment in Spanish property in 2016 reached the highest level in over a decade, marking a ...
