In ten months of 2021, transactions growth in the Spanish real estate market reached 22%

In ten months of 2021, transactions growth in the Spanish real estate market reached 22%

The Spanish M&A market recorded a 22% increase in deals in the first ten months of this year. According to the monthly report of TTR, 2,205 transactions were concluded for a total of 93,144 million euros, which is 7.76% more than in the previous period.

In October alone, 172 transactions were registered, and the raised capital amounted to 4,812.19 million euros.

“In Spain, as in other countries, there are well-established industries and others that present significant opportunities for growth. In this regard, we have identified several sectors where a significant number of corporate transactions were registered and which are expected to continue to lead in terms of investment appetite. These are technology, healthcare and food production”, said Pablo Gomez, partner at IMAP Albia Capital.

By sector, the most active sector this year was real estate, with 435 transactions, followed by technology with 416 transactions.

Spanish companies have chosen Portugal and the United States as their top investment destinations, with 50 and 46 deals, respectively. The United States is in the lead in investments (€ 7,867.87 million).

On the other hand, the United States and the United Kingdom have the most investments in Spain, with 163 and 130 deals, respectively. In terms of quantity, the United States is allocated - 20,111.90 million over the past period of the year.

Among all deals registered in October, TTR singled out a deal related to Cellnex Telecom, which completed the acquisition of 100% of the French company Hivory from Altice France and Starlight Holdco.

Herbert Smith Freehills Spain and PwC Tax & Legal Spain provided legal support for the transaction, the value of which was about 5,200 million, and financial support - by BNP Paribas, AZ Capital, JP Morgan Spain and PwC Spain.

Share
Subscribe to newsletter
Subscribe