British fund Patron Capital and Spanish family office Eurofund have put up for sale their portfolio of four assets in Spain, valued at approximately €70 million.
The assets for sale include Alzamora in Alcoy (Alicante), Mirador in Cuenca, Odeón in Ferrol (A Coruña) and Los Alcores in Alcalá de Guadaira (Seville), and the transaction is expected to be finalised with a Mexican family office.
With operators such as Zara, Carrefour and H&M among their tenants, these shopping centres offer a variety of shopping and entertainment options.
The shopping centre market in Spain is being reactivated with the closing of operations such as that of Equinocio for more than thirty million euros or the Salera in Castellón, as it marks the benchmark yields for the sector.
Other groups owning large shopping centres have also taken note, as is the case of Splau in Cornellà (Barcelona), one of the largest complexes in Catalonia, which is for sale without finding a buyer. Something similar is happening with the exclusive centre in Madrid, owned by UBS, Zielo Shopping. In this sense, 50% of the Madrid shopping centre Xanadú, owned by Intu, is also for sale for around 200 million euros.
