Metrovacesa also closed the sale of 147 build-to-rent homes to AIG. Meanwhile, Ten Brinke sold one of its first build-to-rent projects to Nuva Living.
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Likewise, Aedas reached an agreement with Avalon to promote 225 homes that the firm owned by the fund Ares Management will rent out. The German fund paid Becorp 600 million euros for those properties. The largest, reported by Brainsre.news, involved the purchase of 1,500 homes in different phases of construction by Patrizia. Just a month into 2022, several significant operations have already been recorded in the residential investment business, specifically, in the build to rent segment. In the meantime, whilst the contest to choose a management company for Sareb continued, one of the main candidates, Haya Real Estate, reached an agreement with its creditors to restructure its debt. In addition, JLL signed Pablo Fernández as Head of Industrial and Logistics in Spain. In terms of new hires, Intrum appointed Ernesto Ferrer-Bonsoms as its new Director of Real Estate Hines hired Lorenzo Peñalver as Director of Investments in Spain and Catella AM appointed Eduardo Guardiola as the new Managing Partner in Spain, replacing Javier Hortelano. The French property developer Premier renewed its promissory note program on the MARF, whilst the fund Cerberus acquired 100% of the property developer Inmoglaciar. Meanwhile, life returned to normal at Merlin Properties following the announcement that both Ismael Clemente, CEO of the company, and the rest of the Board of Directors will be proposed for re-election in 2022.ĭuring January, we also learned that the British real estate consultancy Lysander is going to open an office in Spain, specifically, in Madrid, which will be led by Miguel Falcón. In fact, Juan Pepa and Felipe Morenés, former directors of Lone Star who played a key role in the startup of Neinor, are those behind Stoneshield.
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The fund Stoneshield emerged with an 18.5% stake in the residential property developer. Neinor Homes was also in the news and not because of the operation that it left on hold at the end of 2021 (the negotiations to purchase Vía Célere) but because of a change in its shareholding. In total, Castellana Properties acquired a 21.7% stake in exchange for disbursing 97.1 million euros. Its competitor, the Socimi owned by the South African fund Vukile, Castellana Properties, bought Pimco’s stake in Lar España. The major operation during the month of January featured Lar España.