28 January 2020 – Europe Real Estate
AEW has purchased a prime retail asset on Passeig de Gracia 89, directly opposite the iconic La Pedrera (Casa Mila), in the heart of Barcelona’s main luxury shopping district.
The property, which has a total gross leasable area of more than 560m² spread over three floors, is fully let to the Italian luxury clothing company Loro Piana, part of the LVMH Group, and has a long weighted-average lease term of 13 years. The purchase price was not disclosed.
Original Story: Europe Real Estate
Translation/Summary: Carmel Drake