Deutsche Bank has again invested in Spain and in a shopping centre. Last year a record was beaten by means of its vehicle Deutsche Asset Management in the purchase of Diagonal Mar in Barcelona for 493 million euros, now closure is expected on the biggest deal for its Spanish socimi, Trajano, concerning Alcalá Magna for 100 million euros.
The Alcalá de Henares (Madrid) shopping centre is currently in the hands of the Spanish fund Incus Capital, which acquired Alcalá Magna just over two years ago from CBRE Global Investors.
Alcalá Magna was inaugurated in 2007, with a gross lettable area of 34,165 m2 and employing approximately 500 people. There are 1,265 parking spaces and 94 shops. Almost 25% of the area is dedicated to entertainment and restaurant services.
For Trajano it will be their largest acquisition. Last October the company finalised successfully a capital expansion of 47 million euros.