Vukile Negotiates Purchase of the Habaneras Shopping Centre

25 January 2018 – Eje Prime

A new corporate operation is on the horizon in the shopping centre sector in Spain. The Habaneras complex may be changing hands once again, given that the investment fund Harbert European Real Estate Fund is negotiating its purchase for €80 million from the Socimi Castellana Properties (managed by Vukile).

The Habaneras shopping centre was constructed in 2005 by Metrovacesa. Since then, the complex has been owned by Unibail-Rodamco, which bought it in 2008, and by Harbert, which acquired Habaneras for €65 million, according to Expansión.

The complex has a gross leasable area of 24,158 m2, contains 70 stores spread over three floors and has 800 parking spaces. Its tenants include retailers such as Zara and H&M. The Habaneras shopping centre ended last year with 4 million visitors and operating revenues of €5 million.

Meanwhile, the South African fund Vukile already owns a portfolio containing thirteen shopping centres in Spain and has made investments to date amounting to €290 million across the whole Spanish market.

Original story: Eje Prime

Translation: Carmel Drake