13 December 2017 – Expansión
Alpha Pyrenees, an investment fund listed on the London Stock Exchange, has sold the Alcalá Plaza shopping centre, located in the town of Alcalá de Guadaira (Sevilla), for €655,000.
The centre, which has a gross leasable surface area of approximately 5,100 m2, has been acquired by a private Spanish investor, according to a statement made by the fund yesterday to the British regulator.
The sale forms part of an orderly divestment process that the fund initiated in September. That process also included an asset owned by the fund in France, located in Saint Cyr L’Ecole, as well as the Las Torres shopping centre in the Sevillan town of Écija.
Alpha Pyrenees acquired the two shopping centres in Spain more than a decade ago.
Original story: Expansión (by R. Arroyo)
Translation: Carmel Drake