Barings acquires Shopping Centre in the capital of La Rioja.

Cushman & Wakefield has advised Barings Core Spain, S.L.U, (managed by Barings Real Estate Advisers) on their c. €101 million acquisition of Berceo Shopping Centre in Logroño, the capital of Spain’s Rioja wine growing region. 

The circa 38,000m² property had a footfall of 6.8 million in 2017 and is almost fully let to a diverse mix of high quality tenants including a number of the Inditex brands (Zara, Pull & Bear, Zara Home, Stradivarius, and Bershka), Primark, H&M, Media Markt, El Corte Inglés, Forum and Yelmo (one of Spain’s leading cinema operators). The shopping centre is located adjacent to a Carrefour hypermarket, acquired by Spanish Reit Olimpo Real Estate SOCIMI in September of 2017.

The vendor, Retail Property Fund Ibérica (RPFI) (managed by CBRE Global Investors) was advised by CBRE.

Deja un comentario

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *