30 November 2018 – Eje Prime
Corpfin is divesting in the north. The Spanish Socimi has sold a commercial premise in the centre of San Sebastián for €7 million. The purchaser of the asset, which is located at number 7 Calle Getaria, is unknown, according to a statement filed with the Alternative Investment Market (MAB).
Calle Getaria is, together with Calle Hernani y Arrasate, one of the most sought-after streets for the retail market in the Guipuzkoan capital. The asset used to be the headquarters of Kutxa, the savings bank of Guipuzkoa, until 2014 and is now home to a Pull& Bear store, a brand from the Inditex group. This divestment in Euskadi is the second undertaken by the vehicle in recent months, following the sale of Gran Vía 55 in Madrid in September.
In addition, and through Inbest, Corpfin Real Estate has disbursed €250 million in two large operations in Madrid and Valencia during the last quarter. The first was the agreement reached with Riu to acquire the commercial area in Edificio España for €160 million. And that was followed by the purchase from El Corte Inglés of a building in the centre of Valencia for €90 million.
Original story: Eje Prime
Translation: Carmel Drake