As reported by EjePrime, this acquisition marks Euro V’s opening deal in the Iberian Peninsula. The asset has 30.700 m² GLA, including a hypermarket and a shopping gallery with 39 stores and it receives 3 million visitors per year.
Fernando Ramírez de Haro, Savills Investment Management’s CEO for Spain and Portugal, notes that our country «is a key market for our expansion plans in the Iberian Peninsula ». The purchase of Aveiro Center is «one more step on the track to our goal of investing 500 million euro in this region until the end of the year. In the last month we already closed deals worth 400 million euro», which include the purchase of 6 office buildings from Colonial in Spain or the purchase of Nestle’s former headquarters in Barcelona in partnership with Tristan Capital Partners.