retail-shopping-centers Market News: Spanish Real Estate Intelligence

Through a sale-leaseback transaction, Carrefour, a retail food giant, will continue to operate the assets without affecting its operations.

The deal was announced in June but had to be ratified by the shareholders’ meeting, at which point the transaction was successfully completed.

The American fashion brand has acquired a store in the heart of the capital’s Golden Mile to open a flagship shop.

Batex & Duplex will develop new projects in Madrid, Palma de Mallorca, Lanzarote, Girona and Sotogrande.

The eighth month 2021, saw fewer new developments than in July, although there were significant transactions, especially in the Barcelona office market.

It is participating along with other institutional shareholders in the Montepino logistics platform and a Sonae Sierra company by way of its former parent company Bankinter Investment.

Rental volumes remained well below pre-coronavirus levels, according to JLL.

The project’s assets’ fair value has fallen from €210 million at the end of 2019 to just €37.2 million a year later.

The loan is to acquire the Gran Vía 18 building, which will become the new flagship store of the marketplace owned by Dimas Gimeno, former president of El Corte Inglés.

The 10,000 assets that comprise it are half land and half residential and commercial, primarily in Andalusia and the Basque Country.