Alpha Pyrenees Sells Alcalá Plaza Shopping Centre in Sevilla

13 December 2017 – Expansión

Alpha Pyrenees, an investment fund listed on the London Stock Exchange, has sold the Alcalá Plaza shopping centre, located in the town of Alcalá de Guadaira (Sevilla), for €655,000.

The centre, which has a gross leasable surface area of approximately 5,100 m2, has been acquired by a private Spanish investor, according to a statement made by the fund yesterday to the British regulator.

The sale forms part of an orderly divestment process that the fund initiated in September. That process also included an asset owned by the fund in France, located in Saint Cyr L’Ecole, as well as the Las Torres shopping centre in the Sevillan town of Écija.

Alpha Pyrenees acquired the two shopping centres in Spain more than a decade ago.

Original story: Expansión (by R. Arroyo)

Translation: Carmel Drake

Drago Capital Acquires Plaza Norte 2 Cinemas

18 May 2016 – Expansión

The real estate investment and management company Drago Capital has acquired the Plaza Norte 2 cinemas, located in the shopping centre of the same name in San Sebastián de los Reyes (Madrid), together with a private Spanish investor. The asset, with a total surface area of 6,034 m2 distributed over two floors measuring 3,017 m2 each, has 14 screens in total and 2,600 seats. The cinema is operated by Yelmo Films, which was recently acquired by the Cinépolis Group cinema chain.

Original story: Expansión

Translation: Carmel Drake