🔍 Understanding the Reform of the Ultimate Beneficial Owner Registry in Spain 🇪🇸💼 In April 2021, Spain incorporated Directive (EU) 2018/843, known as the EU Fifth Directive on Anti-Money Laundering, into its law via Royal Decree-Law 7/2021. This directive aims to prevent money laundering and terrorist financing through the financial system. 💰🚫 One significant change brought by the...
🌍🏡 Spain's Mortgage Landscape: A Positive Paradigm Shift Unveiled! 🏡🌟 In a captivating turn of events this summer, the dynamics of foreigners seeking mortgages in Spain underwent a significant and positive transformation. Departing from the status quo, Germans have taken the lead, representing a substantial 13.1% of total mortgage applications in the third quarter. This surpasses the...
Malaga Becomes a Focal Point for Investment Funds: Global Institutional Investors Transforming the Costa del Sol's Economy Across Various Sectors. The majority ownership of the Malaga metro lies with a French investment fund, while the city port's container terminal is under the control of an Abu Dhabi-based fund. Another fund linked to the Qatari royal family has plans for a hotel in the...
Since 2014, the Azora Group has been a key player in the European leisure hotel sector. They operated a listed REIT called Hispania Activos Inmobiliarios, which invested over €1.3 billion from 2014 to 2018 in acquiring 46 hotels with approximately 13,000 rooms. This resulted in annual returns of around 20% for investors. Azora is, above all, a remarkable team of over 200 professionals with diverse...