Eurostate identifies and participates in the closing of an acquisition of a newly developed nursing home with 5,000m2, offering 120 beds in Mutxamel, Alicante. Leased to healthcare operator, Novaedat based in Valencia. This acquisition, closed at 7,5mio, provides Aedifica a net yield of 6% on investment (see pdf).
Interview in real estate magazine, Ejeprime, explaining the focus of Eurostate in the living sectors, the restructuring into three subdivisions (student, urban and senior) and collaborations with investment funds (see pdf).
Eurostate identifies, and participates in the closing of a first JV partner for Aedifica in Spain. The agreement means a commitment of €75mio for a first portfolio of new built nursing homes across Spain (see pdf).
Underwriting and closing of a €40mio student housing development project with 380 beds in Granada. Acquired and to be developed by CA Ventures and LaSalle IM. Operated by Novel Student, part of CA.
Underwriting and closing of a €50mio student housing development project with 550 beds in Sevilla. Acquired and developed by CA Ventures and LaSalle IM. Operated by Novel Student, part of CA.
Eurostate agrees the integration of its student housing activities with Chicago based, CA Ventures. Investment commitment of €200mio/year. First two pipeline projects acquired from Eurostate (see pdf).
Publication in Spanish financial newspaper ‘Expansión’ about student housing projects, the impact on the local housing market, the shortage of houses and the importance of collaboration in PPP (see pdf).
Eurostate signs an exclusive collaboration with Aedifica, a €6,0bn listed investment company, specialized in senior housing in Europe. Focused on exploring, originating and securing investments in Spain.
Eurostate signs an exclusive collaboration with MPC Capital, a German Pan-European Investor, Developer and Operator of student housing branded by Staytoo Apartments, to explore the student housing market in Spain.
Eurostate signs an exclusive collaboration with Crosslane Group, a UK pan-European investor, developer and operator of student housing branded by Prime Student Living, to explore the student housing market in Spain.
Publication in Spanish financial newspaper ‘Expansión’ about student housing projects, international trends, the importance of housing for universities and relevance of collaboration in PPP (show pdf).
Eurostate assists in the valuation process of a portfolio of 42 urban hotel assets valued at €1bn as part of the €4bn portfolio sale of German bank Eurohypo in Spain.
Eurostate presides a conference on the Spanish financial and residential sector to 30 members (CEO levels) of the Dutch Mortgage Guarantee Fund (see pdf).
Eurostate teams up with a US Fund to target a public sale process by Catalan Authorities to sell a €450mio office portfolio in Barcelona through a sale-lease back (ver pdf).
Press article at the MIPIM real estate fair in Cannes about the Spanish banking sector and the impact of the ongoing real estate crisis on the financial sector in Spain (see pdf).
Publication in international real estate press at the real estate fair, EXPO in Munich about the impact of the financial crisis on the Spanish real estate sector (see pdf).
Eurostate signs a collaboration agreement with a Singapore based hotel investment fund to purchase luxury boutique hotels in tourist locations in Spain (see pdf).
Eurostate prepares a Social Program for Campus Eurostate, focused on development and finance for residential projects in the affordable housing market (see pdf).
Eurostate signs a 2-years contract for project monitoring during the rehabilitation process of a 125-unit residential building at Plaza Francesc Macià in Barcelona.
Eurostate signs a partnership agreement with €50mio private equity, Campus Holding BV, for overall business administration in Spain, focused on residential development projects.
Eurostate monitors the development budgets of two residential projects of 81 houses in Valladolid and 110 apartments in Santander, developed by Bouwfonds and Flores.
Exclusive collaboration of one-year with local family office, Casacuberta based in Barcelona and €300mio portfolio value, to focus on international expansion in Europe.
Eurostate monitors the development budgets of two residential projects of 188 and 125 apartments in Valencia, projects developed by Bouwfonds and Hansaurbana.
Acquisition of domain www.eurostate.com and launch of its business focus on the investment and development of hospitality and residential projects in Spain.
Collaboration with The Stein Group and start of management of the development of Gran Hotel Miramar, 5*GL boutique hotel with 80 rooms (77 at completion) in Barcelona.
Publication of a pressnote regarding the opening of Hotel Miramar, second boutique hotel in Barcelona and the international expansion of Stein Group (see pdf).
Opening Gran Hotel La Florida after more than 3 years managing a redevelopment process and construction of an attached new building. Article in Hosteltur (see pdf).
Progress of building works Gran Hotel Florida in the national newspaper, La Vanguardia, cited as possibly most complicated technical project in Europe (see pdf).
Collaboration with The Stein Group and start of management of the redevelopment of Gran Hotel La Florida, 5*GL boutique hotel with 63 rooms (74 at completion) in Barcelona.
