24/02/3014 – Inmodiario
One of the real estate funds managed by UBS has acquired a shopping center called Urbil de San Sebastian for €61 million from a fund administered by now by CBRE Global Investors (…).
The transaction has been advised by Retail Capital Markets and Jones Lang LaSalle. (…)
The property acquired was inagurated in 2000 in Gipuzkoa province and is considered a primary asset. The center covers 34.752 m2 and this includes 62 shops, 11 restaurants, 8 movie theaters and 2.533 parking spaces.
Urbil has got 6 shopping malls the Basque Country wide. (…) The purchase proves funds´interest in long-term investment real assets. (…).
Original article: Inmodiario
Translation: AURA REE