Corpfin announces €60M investment in retail parks

Corpfin announces €60M investment in retail parks


Initially, this new investment vehicle will be dedicated to acquiring terrains in Spain, which should total an area of no more than 13.000 sqm. After that, the investment vehicle will focus on the construction of retail parks, which should have a total GLA of 6.000 sqm, reveals Eje Prime.

To finance this new project, Corpfin will count on the support of investors, which should account for half the initial amount (30 million euro) and bank loans, which should be contracted when acquiring new buildings.

This new vehicle should, in this way, replace the current Corpfin Capital Retail Parks, a vehicle exclusively dedicated to this type of retail market. According to information advanced by the same newspaper, Corpfin’s goal is to sell the 9 assets that compose its current portfolio.

Besides this plan for the near future, the risk real estate capital management company specialised in acquiring assets has other plans in sight. One of them consists in listing 4 of its REITs in the Mercado Alternativo Bursátil on the next 27th of June.

One of them is dedicated to institutional investments and has 100 million euro available to invest. Another focuses on family offices and has 50 million euro available. And, the other two focus on private banking traditional investors and have 25 million euro each.

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