Archive for December, 2010

W.P. Carey closes Sogecable deal for €80m in Madrid

Wednesday, December 29th, 2010

Commercial real estate investment transaction in Madrid, Spain

W.P. Carey have closed the purchase of the Sogecable TV studio and office building in Madrid for an amount in the region of €80m from the Prisa Group. CB Richard Ellis acted for Prisa Group (Pablo Gomez) and Aguirre Newman (Wynn Williamson) acted for W.P. Carey.

I-comparables.com first reported this transaction rumour around six months ago but negotiations have been ongoing for around 18 months.

For more information about this property investment transaction and other real estate deals in Spain contact: | i-comparables.com

i-comparables.com looks to international expansion, parts company with Real Capital Analytics (RCA)

Wednesday, December 1st, 2010

Commercial real estate job vacancies / property research positions for entrepreneurial property profesionals with languages in Europe and Latin America

i-comparables.com is a web based real estate information business providing transaction sales data on local markets on a country by country basis. After nearly three years as a data partner to Real Capital Analytics (RCA) covering the Spanish commercial property investment market, Madrid based i-comparables.com and RCA have parted company thereby freeing the way for i-comparables to commence its international expansion program. Initial expansion plans of i-comparables are focussed on those still intransparent European and all Latin American real estate markets.

Stan Dickens, managing partner, commented that “despite the challenging economic environment with reduced property transaction volumes we are optimistic that our service will be taken up in a number of countries. We envisage that this will be in partnership with nationally based real estate professionals, possibly some of whom will have established real estate research or valuation businesses but also with entrepreneurial professionals who may have recently been made redundant”.

The preferred expansion route is via a franchise whereby i-comparables provides its web platform and the benefit of its brand. New local partners will own their own business and pay a small fee to i-comparables for providing the web platform, ongoing web development and 24 hour website maintenance. However, Dickens commented, “Its not just about the software, branding and advertising material. I made a lot of mistakes when I first launched i-comparables in Spain and new partners can learn from these and avoid making the same errors. Any expansion will involve strategic and marketing advise to help new partners reach a sustainable income level as soon as possible”.

In January new partners will be able to use the improved Version 2.0 i-comparables software which has many new features. Site testing is currently being undertaken and existing users will be provided with new passwords at the time the site goes live.

i-comparables is interested in partnering bilingual property experts with commercial real estate experience and established contacts at local level in new markets. Some valuation and/or investment experience would be an advantage as would experience in real estate research. If you are interested in setting up a national version of i-comparables.com in your country please get in touch with Stan Dickens at email address: stan@standickens.com or telephone +34 914 471 700 (office) or +34 610 418 654 (mobile) for an initial discussion.

For information on the Spanish commercial investment real estate market click on the following link | i-comparables.com