Testa Residencial approves the distribution of €76M to its shareholders

Blackstone, the majority shareholder via Tropic RE, has stated that, of the total amount due to it from the distribution, €76,011,628.74 will be paid by way of set-off against the debt owed to it by the SOCIMI.

Neinor and Stoneshield are set to invest €150M in 262 homes in Marbella

The joint venture plans to develop more than 60,000 sqm and expects to generate revenue in excess of €600 million over the next five years.

Brookfield acquires Fidere from Blackstone for €1.05bn

The portfolio, marketed as Project Cibeles, comprises approximately 5,200–5,300 rental homes across 47 residential buildings, primarily located in the Community of Madrid, with occupancy levels close to 98% and the vast majority of units operating in the open market.

Greystar acquires two PBSA complexes in Salamanca and Valencia

The two purpose-built student accommodation (PBSA) assets belonged to Straco Real Estate, and together they comprise roughly 1,600 beds.

Aedas is set to transform the former CSIC building in Almería into residential

The urban regeneration project, the developer’s first in the city, will convert the building into 28 homes.

Quantum Kiptam acquires prime Recoletos asset in Madrid

The asset, located just metres from Calle de Serrano, comprises approximately 4,600 sqm of buildable area and will be redeveloped into a high-end residential scheme.

Urbanitae enters Asturias with a residential development project

The platform has raised €2.48 million from 1,185 investors to cover 75% of the project’s equity.

Aurora Homes will invest €87M in 329 social housing units in Brunete

The developer will build three housing developments in Nuevo Brunete, as part of a wider project envisaging more than 17,000 homes.

Hercesa and Borma are to develop 3,300 homes in Nueva Valdeluz

The project involves an investment of €825 million in fully developed land in this residential area of Guadalajara.

Urbanitae enters the senior living sector by financing a care home in Madrid

The platform has raised funds from 1,087 investors to acquire an asset that is already operational in Torres de la Alameda, which will be leased to a new operator and subsequently put up for sale.