• Transaction / Assets
  • Seller
  • Buyer
  • € MM

Lar Buys 3 Stores In A Pamplonese Retail Park For €8.45M

27 July 2015 – Mis Locales

Savills, one of the leading international real estate consultancy firms has advised Värde Partners on the sale of three stores in the Parque Galaria retail park in Pamplona.

The most important operators in the province are located in this retail complex, which includes brands such as Media Markt, Leroy Merlin, Conforama and Kiaba, as well as the E.Leclerc hypermarket and the La Morea shopping centre, which is regarded as one of the 20 best shopping centres in Spain with tenants such as Primark, Zara, H&M, C&A, Cortefiel and a 12-screen cinema.

Salvador González, Head of Retail Investment at Savills, said that “this transaction forms part of Värde Partners’ strategy to divest its non-strategic assets, and also gives Grupo Lar the opportunity to increase its portfolio of retail premises, whereby raising its profil in the retail park sector”.

Original story: Mis Locales

Translation: Carmel Drake

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