Economy

The average rent in Spain has doubled over the past decade, while the availability of rental apartments has steadily declined.

The deal is Masdar’s latest involvement in the southern European power space, following its €3.2 billion (US$3.4 billion) acquisition of Greek power company Terna Energy.

Anticipation for the real estate market is increasing, as interest rates are predicted to decline further.

BriQ's existing shareholders will hold 79.7% and ICI shareholders 20.3% of the share capital, while the Company will maintain its 41.3% free float.