New multi-million euro property group expands across Spain

LAST UPDATED: 3 Oct, 2014 @ 17:32
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New multi-million euro property group expands across Spain

A NEW multi-million euro property group is expanding across Spain.

Hispania – created by property manager Azora – has made its second investment in domestic hotels since its March listing.

After acquiring a complex in Malaga, the group has purchased the Melia Jardines del Teide hotel in Tenerife for €37 million.

Hispania has so far concentrated on adding residential and office properties in Madrid and Barcelona to its portfolio as well as snapping up 4 and 5-star hotels across Spain.

Since launching its company at €10.00 per share in March, Hispania is up by 3%.

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