5 October 2018 – Eje Prime
ASG is now the owner of 100% of the Ruta de la Plata shopping centre. After completing the acquisition of the hypermarket, the real estate group has now acquired the entire commercial complex located in Cáceres, according to reports from the company.
Inaugurated in 1993, Ruta de la Playa has a surface area of 8,300 m2. ASG is planning to carry out a project to refurbish and modernise the facilities during the last quarter of this year and the first half of 2019.
The objective of the company is to generate a new offer in both the retail and restaurant areas of the complex. The transformation of the commercial surface area is expected to make way for the entry of up to twenty new operators.
Currently, the portfolio of ActivumSG in Spain (which operates in the country under the brand ASG) comprises a dozen assets, with the exception of the two that it divested in recent months, located on c/ Manuel de Falla and c/Santa Leonor, both in Madrid. Even so, the operation that caused the fund to jump to the fore was its purchase of the Mercado de Fuencarral.
Original story: Eje Prime
Translation: Carmel Drake