114 / 116
114 // iberian.propery / 2017
dossier// ISSUE: TOP IBERIAN cities
BYBLOS ANDALUZ HOTEL,
Mijas
Date
Q3 2016
Keys
135
Price
€ 60 million
Buyer
Ayco Inmobiliaria
Seller
Amstrad
Brokers &
Advisors
----
NH MÁLAGA, Málaga
Date
02/2017
Keys
245
Price
€ 41 million
Buyer
Hispania
Seller
NH Hotel Group
Brokers &
Advisors
----
430 Touristic Apartments At
Valle Romano Golf, Estepona
Date
01/2017
Keys
430
Price
€ 32 million
Buyer
HIG Capital
Seller
Neinor Homes
Brokers &
Advisors
The Carlton Group. Deloitte,
Pérez-Llorca
TOP 3 DEALS in MÁLAGA 2016/2017
INVESTMENT
Retail
: benefitting from the synergies created with the
strong tourist movement, retail is one of the preferred
products among investors. Over the past months,
the rise in tenants with an international profile and
subsequent appreciation of spaces they take up, has
led some owners to place an increasing amount of
assets on the market.
Hotels
: the number of transactions involving hotels in the
city is beating new records, with 9 deals reported between
January 2015 and the first quarter of 2017. Amomentum
that seems to indicate that international capital is closely
following the expansion movements of hotel operators.
In 2016 the total hotel investment in the regionwas € 160
million, with the province increased its investment volume
with nearly 3% between 2015 and 2016 and represented
more than 7% of the total hotel transaction volume in Spain in
2016. representing 7% of the total investment volume in Spain.
The city of Málaga alone represented a hotel
investment volume of € 67 million in 2016, through the
sales of three hotels (ca. 433 rooms).
Offices
: the highest sale prices are in the Historic
Centre and Financial District, where they can reach
4.000 €/m², although this is just a reference value
due to the low number of transactions carried out in
this period.
Industrial & Logistics:
in the past two years, there
has been some interest to invest in logistics in
Malaga and Andalusia in general, not only from
investment funds and SOCIMIs, but from regular
investors as well. However, these seek assets with an
extremely specific typology, with more reasonable
returns, turning their attention to this region due to
the decrease of this type of product in major capitals
like Madrid and Barcelona.
source: CBRE, JLL and Cushman & Wakefield