PRIME SITE: Azora acquired a €30 million office block in Madrid’s Calle Doctor Esquerdo
Photo credit: CC/Malopez 21
Madrid deal REAL ESTATE asset manager Azora, which is based in Spain but operates throughout Europe and the US, paid €30 million for a building in Madrid’s Calle Doctor Esquerdo from Macqaurie subsidiary GLL Real Estate Partners. Currently used as offices, it is likely to become an hotel, market sources said.
Big payday BRITISH banker Christopher Willcox runs Japanese finance mammoth Nomura’s wholesale bank in New York, overseeing all its operations. He received $12 million (€11.22 million) for the year ending March 2024 after returning the bank to profit, giving him a pay packet tripling his Japanese boss’s.
Getting bigger GRUPO IFA, a central purchasing group consisting of 6,448 supermarkets in Spain as well as others in Portugal and Italy, reported a record turnover of €39.4 billion in 2023, a 9.2 per cent increase on 2022. Sales in Spain accounted for €18.17 billion of the total, an increase of 9.3 per cent on the previous year.
Fine line APPROXIMATELY 95,000 workers were fined by HM Revenue Customs (HMRC) even though they did not owe any tax. Those earning less than £12,570 (€14,860) do not have to pay income tax but they were penalised for submitting late self-assessments for the 2021-2022 tax year, accountancy firm RSM revealed.
Protein direct MIKE ASHLEY’S Frasers Group has bought a portfolio of luxury brand websites, including Coggles clothing, from the third-party online retailer THG for an undisclosed sun. Under the deal, Frasers will now be able to sell the online health and beauty retailer s Nutrition protein products in Sports Direct shops.
Sign up for personalised news
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you don’t already have one. Review our
Privacy Policy for more information about our privacy practices.
Originally from the UK, Linda is based in Valenca and is a reporter for The Euro Weekly News covering local news. Got a news story you want to share?
Then get in touch at [email protected].
Leave a comment Cancel reply
Your email address will not be published. Required fields are marked *
Comment for robots
Known as the PEOPLE’S PAPER, Euro Weekly News is the leading English language newspaper in Spain. And it’s FREE!
Covering the Costa del Sol, Costa Blanca, Almeria, Axarquia, Mallorca and beyond, EWN supports and inspires the individuals, neighbourhoods, and communities we serve, by delivering news with a social conscience. Whether it’s local news in Spain, UK news or international stories, we are proud to be the voice for the expat communities who now call Spain home.
With around half a million print readers a week and over 1.5 million web views per month, EWN has the biggest readership of any English language newspaper in Spain. The paper prints over 150 news stories a week with many hundreds more on the web – no one else even comes close.
Our publication has won numerous awards over the last 25 years including Best Free Newspaper of the Year (Premios AEEPP), Company of the Year (Costa del Sol Business Awards) and Collaboration with Foreigners honours (Mijas Town Hall). All of this comes at ZERO cost to our readers. All our print and online content always has been and always will be FREE OF CHARGE.
Sign up for personalised news
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you don’t already have one. Review our Privacy Policy for more information about our privacy practices.
Close
