Jianlin buys 2 million m2 of land in Madrid (and 20% of Atlético Madrid)

Spanish Property Insight Forums Spanish Property Forums Real Estate Topics, News & Discussion​ Jianlin buys 2 million m2 of land in Madrid (and 20% of Atlético Madrid)

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    • #184656
      Chopera
      Participant

      http://www.elmundo.es/madrid/2014/12/12/548a1534268e3e79098b4595.html

      He’s the guy who bought Torre España recently.

      Now he’s bought an area of land in “campamento” – a disused military barracks in a modest but fairly central part of Madrid, which already has the permits in place to be developed.

      It smells of Eurovegas, but this guy seems much more genuine than Sheldon Adelson.

    • #184657
      Chopera
      Participant

      edit – not sure if he’s actually bought the land – they seemed to be saying so on the TV earlier

    • #184660
      Mark Stücklin
      Keymaster

      Yes, it’s curious how keen this guy is on Spain. I wonder why.

      • #184719
        Chopera
        Participant

        Yes I think Spain is trying to position itself as China’s portal to the EU – and I think it’s a pretty good strategy. Provided the Spanish don’t ask too many questions about where the money comes from, and the Chinese don’t ask too many questions about where it goes, everyone’s happy! Besides, Spain needs the investment that the EU has been denying it for the last 7 years so it’s hardly suprising they’re looking elsewhere.

    • #184670
      DBMarcos99
      Participant

      A chance to get in the market at a relatively low cost in 1 of Europe’s capitals. There is a huge Chinese business population in Spanish cities as we know, and no doubt he has access to sales trends, business growth etc. Not that he would necessarily be right, but being well-informed is a major advantage.

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