SUBSCRIBERS

Otis gets a lift from recovering Spanish economy

Firm, which sells and services elevators, sees higher sales in 2015 as new residential building starts to pick up

Published Thu, Jan 22, 2015 · 09:50 PM

Madrid

THE view from the top floor of the Madrid headquarters of the Otis Elevator Company is that a recovery for Spanish real estate is at last in sight.

"We still need one more year to see clear growth in new building, but the outlook is improving," said Bernardo Calleja, chief executive officer of Zardoya Otis SA, the company's Spanish unit, in an interview in Madrid. "We will be selling more elevators in Spain in 2015 for sure."

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes

Property

Singapore office rents in central region fall 1.7 per cent in Q1 after rising for 9 quarters
Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up
Country Garden plans to present debt revamp plan in H2, sources say
Hong Kong home prices rise for first time in 11 months after curbs scrapped
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand
Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%

Property

Property

Otis gets a lift from recovering Spanish economy

Property

Singapore office rents in central region fall 1.7 per cent in Q1 after rising for 9 quarters

Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up

Country Garden plans to present debt revamp plan in H2, sources say

Hong Kong home prices rise for first time in 11 months after curbs scrapped

HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand

Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

SECTIONS

LIFESTYLE

Follow BT