Mandaspain

Spain gets a nine out of ten from foreign investors

Spain gets a nine out of ten from foreign investors

More than nine out of ten foreign investors now recommend Spain as an investment destination with 96.6% of those asked having a very positive perception about the Spanish economy. Even with last year’s encouraging results, that figure was still only at 65.5 per cent. This is according to a report entitled Spain as Investment Opportunity, prepared for the second year by commercial consultants Kreab which canvassed the views of 29…

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Spain’s M&A Heyday

Spain’s M&A Heyday

Mergers and acquisitions of companies have exploded in Spain growing more than 84 per cent in the first half of this year compared to the same period of last year. Although the number of transactions is similar to what they were a year ago – 553 compared to 586 – the value of them is more than 45,000 million euros. The industrial sector is a stand out in this first…

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Spain reaches a new European summit

Spain reaches a new European summit

Spain received more than thirty billion dollars of Foreign Direct Investment last year becoming one of only eight countries to surpass twenty-seven billion dollars. The full total invested in Spain during 2016 was 30,776 million dollars or 22, 281 million euros. This comes from the latest OECD report which names the other seven countries as the UK, the USA, Australia, Belgium, France, Canada and the Netherlands. The figures put Spain…

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Spain goes back for the future

Spain goes back for the future

Spain is set to return to the speed of growth it had reached prior to the economic crisis with a BBVA study estimating its economy will grow by 1.1 per cent during the second quarter of 2017. This will be a rate of 20 per cent more growth when compared to the first quarter. According to the IMF, it now has the strongest growth of the entire Eurozone, apart from…

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A centre for a ‘new Madrid’

A centre for a ‘new Madrid’

Venezuelan group Sambil has opened the largest shopping centre in Spain in Leganes, Madrid. Opening at 90 per cent capacity, the space contains 130 premises, three floors and encompasses 43,000 square metres. It is the result of 59 million euros of investment and it is believed it will generate 2000 jobs, about 1500 of them directly involved with the centre. Speaking during the opening ceremony, Arnold Moreno, director general of…

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Barceló goes all out for Crestline Hotels

Barceló goes all out for Crestline Hotels

Barceló Hotel Group now has a 100% interest in Crestline Hotels & Resorts after acquiring AR Global’s 60 per cent share to add to its previous position of 40 per cent. From as early as 2002 Barceló held a 100 per cent share, but in 2013 AR Global took on 60 per cent of that holding. With this latest transaction, the situation has been reversed to return the entire operation…

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Tales of a three trillion euro market

Tales of a three trillion euro market

The data was compiled in a recent report by Clifford Chance. As a result of Brexit and elections in Spain among other factors, overall activity in Europe was cut by 11 per cent in 2016. However, once a government had been formed in Spain, the M&A market recovered to the levels of the previous year. This also included many large announced operations that will close during the first half of 2017….

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Spanish Real Estate Record broken in Xanadú deal

Spanish Real Estate Record broken in Xanadú deal

Xanadú shopping center in Madrid has been sold for a record 530 million euros to British capital fund Intu in partnership with Ivanhoe Cambridge. This is the biggest deal ever done on the Spanish real estate market. Along with the mall, the management company of the operation was also acquired. The purchase of the centre in Arroyomolinos, Madrid, is the biggest shopping center operation in the history of the Spanish…

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Your Move: Spain Looks to Entice Brexit Leavers

Your Move: Spain Looks to Entice Brexit Leavers

Spain is offering an alternative to disillusioned companies looking to leave the UK in the wake of Brexit and is in good shape to receive them. This could take the form of a charm offensive as Spain extols its own virtues ahead of other countries that are also making their own overtures to British based companies post Brexit. A plan to woo UK-based companies is being promoted by leading UK-based…

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Spain Launches Itself From the Blocks in 2017

Spain Launches Itself From the Blocks in 2017

Spain is on track to continue its recovery in 2017 with corporate trading in the first six weeks of the year far surpassing that which was seen in the last weeks of 2016. Corporate activity shot up to 6,000 million Euros in the first weeks of 2017 compared with the 4.7 billion recorded in the last quarter of 2016. This year’s figure is also an improvement on the corresponding weeks…

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