Orion Capital and HB Capital have sold Gran Shopping Mongolfiera to CBRE Global Investors

20 February, Bebeez

The fund Orion Income Return Partners managed by Orion Capital Managers together with HB Capital has sold the shopping arcade Gran Shopping Mongolfiera in Molfetta (Bari) to CBRE Global Investors. The sellers have been assisted in the operation by the real capital market team of JLL Italia.

The shopping centre is entirely leased to international brands and it’s the leader in its catchment area represented by 540,000 people in a distance of thirty minutes by car. Inaugurated in March 2008, Gran Shopping Mongolfiera rises on an area of 150,000 Sq m, 42 thousand of which are covered. It features many shops and a big parking lot.

Unlike the traditional shopping centres, it was built in order to provide, besides the typical walk along the shops, also an actual meeting point. The commercial areas are gathered in clusters, each defined by paths that lead to the three big squares: Onda, Nave and Ottagono which are dedicated to entertainment.

Besides the Ipercoop supermarket, the heart of the shopping centre with a surface of 7 thousand Sq m, the merchandising selection is of the highest quality with 110 shops between outlets for beauty and care, house products, electronics and telephone shops and fashion.

The services include a parking lot with 2,500 parking spaces, several restaurants, a hairdresser salon, washrooms, a playground from the kids with qualified assistance, a dry cleaner, an alteration shop, ATM, and a travel agency.

Source: Bebeez

Translator: Cristina Ambrosi

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