• Transaction / Assets
    3,345 m2 of Puerto Venecia
  • Seller
    Intu
  • Buyer
    Hermes
  • € MM

Hermes Acquires 3,345 m2 in Puerto Venecia & Prepares its Third Fund

10 July 2018 – Eje Prime

Hermes Properties is adding a new asset to its portfolio. The investment vehicle, which specialises in commercial projects, has purchased 3,345 m2 of the Puerto Venecia shopping centre, owned by Intu, which it will lease to the hamburger chain Carl’s Jr and to the service station chain Gasexpress.

With this purchase, Hermes has completed a €14 million investment across three operations, in the El Puente shopping centre in Rojales (Alicante); in commercial plots in Isla Azul, in Madrid; and this latest deal in Puerto Venecia, in Zaragoza.

The manager’s purchase in Madrid, of plots spanning a surface area of 4,000 m2, which used to be owned by Sareb, involved the disbursement of €4 million. The operations have been undertaken through Hermes’ second investment vehicle, Hermes II. The manager, owned by Delta Asesores and the consultancy firm InmoKing Real Estate, is now preparing a new program of investments to generate the vehicle Hermes III.

Original story: Eje Prime

Translation: Carmel Drake

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