Tag: Viapark

Axiare Sells Planetocio to AEW for €20M

9 March 2018 – Eje Prime

Axiare has sold off Planetocio. The Socimi, which has been controlled by Colonial since February, has divested the Madrilenian shopping centre to a fund controlled by the manager AEW, which has paid €20 million for the asset.

Located in Collado Villalba, Planetocio is one of the few retail assets that Axiare, which specialises in the office sector, still holds in its portfolio. The operation is going to be closed this week and will see the buyer strengthen its presence in the Spanish real estate, after it acquired the Mercado de Fuencarral for €50 million last August.

Planetocio was constructed in 2001 and has been owned by Axiare since 2014, when it paid €99.5 million to the Dutch fund Wereldhave for a portfolio that, in addition to the shopping centre, contained several office buildings and industrial warehouses, according to Expansión.

In total, the Madrilenian shopping centre has a gross leasable area of 19,222 m2 and 797 parking spaces. Following this sale, the number of retail assets that Axiare holds in its portfolio will be reduced to La Mercedes Open Park (Madrid), Les Gavarres (Tarragona) and ViaPark (Almería).

Axiare’s divestment of this retail asset comes a few weeks after Pere Viñolas, CEO of Colonial, confirmed that the “logical” thing would be for the properties that his firm has inherited following its takeover of the Socimi to be sold gradually, although the group has the “peace of mind necessary to do so when it is most convenient”.

Original story: Eje Prime

Translation: Carmel Drake

Axiare Buys Four Retail Outlets In Almería For €20M

19 April 2016 – Valencia Plaza

Axiare Patrimonio has purchased four retail outlets in the Viapark retail park, located between Almería and Roquetas de Mar, for €20 million, according to a statement made by the Socimi to Spain’s National Securities Market Commission (CNMV) on Monday.

These four outlets, which have a combined gross leasable surface area of 15,745 m2 and more than a thousand parking spaces are leased in their entirety to Decathlon, Carrefour, Bricomart and Kiabi.

The Socimi has highlighted that these retail spaces have “excellent” visibility, are easily accessible from the A7, the Mediterranean Highway, and are located in an area of “limited” competition, which comprises a population of approximately 385,000 inhabitants, which increases during the holiday season.

The CEO of Axiare, Luis López Herrera-Oria, highlighted that, with this operation, the company is strengthening its presence in the retail outlet segment and is continuing to pursue its strategy focusing on offices.

Following this acquisition, the total investments made by Axiare increase to almost €900 million, with a portfolio of 31 assets in the Spanish real estate sector. 72% of the properties in its portfolio are offices, 14% are logistics platforms and 14% are primarily retail outlets.

For this operation, Axiare has been advised by Aguirre Newman for commercial matters and Gómez-Acebo & Pombo, Malcolm Hollis and Cushman & Wakefield in the due diligence process, meanwhile, Solvia has managed the sale of the properties on behalf of one of its clients.

Original story: Valencia Plaza

Translation: Carmel Drake