ING´s real estate branch has just closed the purchase of the Boulevard shopping center in Vitoria – Gasteiz for around €130 million from CBRE. The 85.000 m2 GLA mall is one of the largest in Spain.
The bidding between Lar and the Dutch bank was fierce as the latter copied the price submitted by the group and executed its pre-emptive right as the mall formed a part of its own portfolio bought in 2011 by CB Richard Ellis.
Original article: Idealista
Translation: AURA REE