Olimpo Real Estate Socimi (ORES), the Spanish REIT which was launched by Bankinter & Sonae, has acquired an 11,353m² retail park in Madrid’s Majadahonda suburb for €31M. Opened in 2002, the property is anchored by Media Markt, Aldi & Toys´r´us.
According to Salvador Gonzalez, director of retail capital markets at Savills, «Millenium has been a unique opportunity given its urban location in an important retail hub which still offers an upside angle. This transaction demonstrates the large amount of institutional investor interest in Spanish retail parks».
También te puede interesar
-
MDSR announces the acquisition of a portfolio of 9 hypermarkets
-
AEW buys Alcora Plaza in Parque Oeste de Madrid from Goldman Sachs
-
A Mexican Fund Acquires the Shopping Centre Ociopía from Cepheus Capital
-
Merlin sells €1.9 billion bank branch portfolio to BBVA
-
Lighthouse acquires the shopping centre Torrecárdenas for €172 million