3 September 2015 – El Confidencial
The Management company TH Real Estate, on behalf of TIAA-CREF fund, has completed the acquisition of 50% of the outlet center Viladecans The Style Outlets, promoted by the Spanish company Neinver in Barcelona.
The operation is part of the deal between Neinver and TIAA-CREF, closed earlier this year, aiming to create a platform for leading outlet centers in Europe. This partnership included the purchase of two other centers from Neinver, in Warsaw and Krakow, and 50% of the Roppenheim establishment in France.
The Viladecans shopping complex, located in the metropolitan area of Barcelona, is currently under construction. In its development, both partners will invest 80 million euros to create an outlet with 100 shops spread over 19,800 square meters.
Original story: El Confidencial
Translation: Lee La