Transaction / AssetsBallonti Shopping Centre SellerDeka Immobilien BuyerBilball Centre Investments and Ballon Investments € MM
Madrid-Based Developers Acquire Ballonti Shopping Centre
28 July 2019 – Richard D. K. Turner
The German fund Deka Immobilien sold the Ballonti shopping centre to Bilball Centre Investments and Ballon Investments. The two real estate firms are domiciled in Madrid and linked to Barsolein.
Built in 2008, and with a capacity of more than 52,600 square meters of gross leasable area, distributed on two floors, Ballonti is the most modern shopping centre in Bilbao. The facility has a 92% occupancy rate and receives around six million visits per year.
Original Story: El Mundo – Nerea Albinarrate