25 May 2017 – Expansión
Klépierre has strengthened its presence in Spain with the purchase of the Nueva Condomina shopping centre (Murcia), which is worth €233 million, according to a statement issued by the French multi-national.
Specifically, as a result of this acquisition, Nueva Condomina is now the third most important asset in Klépierre’s Spanish portfolio in terms of net rental income.
The property covers a surface area of 110,000 m2, split between the shopping centre (73,000 m2) and the retail park (37,000 m2).
Last year, the Murcian shopping centre received more than 11 million visitors and recorded store sales of €257 million. Tenants include several brands from the Inditex group, as well as Mango and Fnac.
Original story: Expansión
Translation: Carmel Drake