• Transaction / Assets
    Part of the Finestrelles plot
  • Seller
  • Buyer
    Temprano Capital Partners
  • € MM

Equilis Sells Part Of Finestrelles Shopping Centre Project

5 October 2017 – Expansión

The Belgian multinational Equilis, which is currently building a shopping centre in Finestrelles (Esplugues de Llobregat), has sold part of the real estate project to the investment manager Temprano Capital Partners, which plans to construct a hall of residence for students on the site.

The plot of land, spanning 20,000 m2, which Equilis bought last year, has a licence to build a surface area of 57,300 m2. Of that figure, the majority (more than 46,800 m2) will be allocated to the shopping centre, which is going to be called Finestrelles Shopping Center. But that means that 10,500 m2 of buildable surface area will be left over, which is what is going to be allocated to the student hall of residence. Temprano Capital is an investment manager and real estate developer that was founded in 2013.

Original story: Expansión (by Marisa Anglés)

Translation: Carmel Drake