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Tag: Investments

Published on Leave a comment on Multinational investment fund negotiates the purchase of Puerto Banús

The offer, from a group involving Credit Suisse, is set to be over 200 million euros and is linked to the possible extension of the site.

Marbella Puerto Banús 300x200 - Multinational investment fund negotiates the purchase of Puerto BanúsBoth sides are acting in absolute secrecy, but the negotiations are happening. A group involving a Chinese investment fund, the holding company Credit Suisse and the Spanish construction company Fomento de Construcciones y Contratas (FCC) have presented an offer for the licence for Puerto Banús, which has been in the hands of a private company since construction of the site finished.

The offer was made recently and the deal could be concluded before the end of the year, according to sources consulted by SUR. Although they have no involvement in the negotiations, the Public Agency for Ports in Andalucía (APPA) as well as Marbella town council have been informed about the existence of the offer and the development of talks. Representatives from the group of investors have held at least one meeting in Marbella with the APPA.
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Published on Leave a comment on Chinese Group Buys a Spanish Airport for €10,000

A group of Chinese investors has bought the abandoned airport at Ciudad Real for €10,000 after submitting the only bid for the facility at a court bankruptcy auction.

Airport Ciudad Real1 300x225 - Chinese Group Buys a Spanish Airport for €10,000Last Friday, Tzaneen International was awarded the land and buildings, including the runway, hangars and control tower at Ciudad Real Central Airport in Castilla-La Mancha – the first major airport to be built in Spain with private investment.

However, the Chinese group will not control the terminal or the parking areas, according to the terms of the tender.

Little is known about the group except that it is an “investment vehicle” registered some months ago in Spain with the sole purpose of taking part in the court-sponsored auction.

According to papers filed with the Mercantile Register, the group listed €4,000 in capital from China but stated that members of the consortium include both Chinese and European investors. It also explained that “various Chinese companies” are interested in using the airport as “a gateway to Europe” for their importing businesses.
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Published on 2 Comments on American company to invest 200 million in real estate projects on Marbella

Real Capital Solutions (RCS) is one of the leading American private capital investment companies specialising in property and the re-capitalisation of investment portfolios of developments that are ‘in difficulty’.

Marbella3 300x200 - American company to invest 200 million in real estate projects on MarbellaBased in Colorado, this extremely successful business is now moving in on Marbella as it begins its expansion into Europe.

The plans for the company, now on Malaga soil, are to invest an estimated 200 million euros into property development in the area within the next four years. The firm has already paid out 15 million euros in the purchase of two housing developments that were in the hands of Spanish banks. The new division of the company, RCS Spain, has acquired Cosmo Beach (between San Pedro and Estepona) and Valley Heights (on the outskirts of Benahavís). This area is better known to investors as the ‘Golden Triangle” (Marbella - Estepona - Benahavís).

Taylor Cox, Partner at RCS, reveals how 14.95 million euros will be invested into both projects (consisting of around 100 properties), which includes the maintenance costs and the down payments.
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