In Spain

Centro comercial La Vaguada Madrid

Norges and Sonae acquire portfolio of eight shopping centres in Spain valued at €1.5 billion

The portfolio comprises 8 shopping centres and over 250,000 m² of gross lettable area, including several landmark assets in the Community of Madrid, where it accounts for 11,300 square metres, whilst the remainder is owned by Unibail-Rodamco-Westfield. By Renta 4 Norges Bank Investment Management, together with Sonae Sierra, signed an agreement last Friday to purchase the portfolio of shopping centres owned by the Balkany family in Spain, valued at €1.5…

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Spanish parliament rejects fiscal path proposed by government

The Spanish parliament has rejected for the second and final time the fiscal path designed by the Government as a necessary prerequisite for drafting the 2027 Budget, which would be the first and also the last of the legislature, given that the country has been operating for three years on the extended 2023 budget approved in 2022 by a different Parliament. The vote yielded the exact same result as the…