Golden Visa scheme contributes €2.16 billion worth of investments since 2013
The Golden Visa scheme offers qualified residency permits to wealthy non-EU investors and highly qualified professionals who make an investment in Spanish real estate (and other assets) valued at €500,000 or more.Introduced in 2013, the government has approved 27,301 residency permits, bringing in €2.16 billion of investment, 72% of which has been allocated to investment in Spanish property. A total of 2,236 investors have now benefited ...
Residential property developer announces plan to return to stock market
Bilbao-based construction company Neinor Homes have announced plans to float 60 per cent of its share capital on the Spanish stock exchange, setting the Spanish property market on a trajectory of profitable times ahead.The plan comes as vast amounts of foreign investment continues to flow into Spanish residential real estate, and marks the first time a residential property developer has gone onto the stock exchange in ten years.According to ...
Apollo set to buy property developers and hotels in Spain
Apollo, one of the largest fund managers in the world, has emerged on the Spanish real estate market as a major new player alongside, Värde, Castlelake and Lone Star.Led by Andrés Rubio in Spain, Apollo is currently analysing the purchase of its own property developer according to sources familiar with the entity. The firm plan to use a fund currently worth €2,700 million for the acquisition of real estate assets, with the intention ...
Blackstone acquires €300M worth of Spanish property from BBVA
BBVA recently announced the sale of their largest real estate portfolio in history: Project Buffalo. The entire portfolio was acquired by Blackstone and includes 3,500 assets that consist primarily of completed residential homes, storerooms, garages and retail premises worth a total of approximately €300m.The properties included in the package have been foreclosed and were being held on the bank’s balance sheet. They are located mainly ...
Catella Investment Management acquire two major properties in Spain worth 24m euros
Catella Wohnen Europa recently completed an acquisition of two major residential properties located in Pinto's Teneria neighbourhood in Madrid. The twin buildings have an occupancy rate of 93% and a total floor area of 8,092 square metres. Distributed over 216 apartments, 216 parking spaces and 216 storerooms, the two properties are worth a total of 24 million euros.Catella's investment management team in Spain closed the acquisitions by ...
