Mandaspain

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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One Belt One Health

One Belt One Health

In a 300 million Euro investment, Alcorcón in Madrid has been selected by the Chinese government for the site of a large health complex from where it can spread the qualities of traditional Chinese medicine and homeopathy to Europe. Known as the International Health Center, it will be the first installation to combine Western medicine with traditional Chinese medicine and it is expected that there will be five other centers…

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The sun continues to shine on hotel investment

The sun continues to shine on hotel investment

Hotel investment in Spain reached 2,184 million euros last year with 1,317 million euros coming from abroad. This represents 67 per cent of the total figure. According to Irea, a financial advisor specializing in real estate and hotels, all this points to Spain consolidating itself as one of the leading destinations for hotel investment in Europe. It is even expected to outperform France and the UK. Breaking down the investment…

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56,000 jobs to be created in new mega-investment

56,000 jobs to be created in new mega-investment

A huge mega leisure complex is set to generate over 56,000 jobs in the municipality of Torres de la Alameda in Madrid, close to the city’s Barajas airport. The proposed 134 hectare development known as LongResort was presented early this month and also signifies a possible 3,000 million Euro investment by north American group Cordish. It includes hotels, restaurants, offices, cinemas, a theater, a convention center and a gaming area….

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