According to Eje Prime, the Spanish REIT, controlled by South African fund Vukile Property, is already negotiating the asset – exclusively – with its current owner, North American Värde.
This new shopping centre, which has 80 stores and 29.400 sqm, might integrate its portfolio, which is estimated at 916 million euro, according to the latest data made available by the REIT.
Two other Spanish shopping centres are under analysis: Intu Asturias and Intu Puerto Venecia, reveals newspaper Cinco Días in its print edition. These two assets are currently owned by British Intu, which placed consultant CBRE in charge of selling it.
Castellana Properties closed its first year listed at the Mercado Alternativo Bursátil (MAB) with a 46.5 million euro yield and a gross balance of 28 million euro, according to the latest data sent by the company to MAB.