We offer all the tools necessary for landing the full scope of business you really deserve.
Feel free to call us: +34 617 369 878

Vastned Buys Its Sixth Retail Store In Madrid For c. €10M

Posted by: In: Real Estate 21 Dec 2016 Comments: 0 Tags: , , , , , , , , , , ,

21 December 2016 – Expansión

The Dutch group Vastned is continuing to expand its real estate portfolio in Spain. The company has just acquired its sixth retail outlet in Madrid for around €10 million. The property, which has a surface area of 600 m2, is located at number 37 on Calle Fuencarral and is leased to the sports clothing and equipment brand Décimas.

Following this operation, Vastned now owns three stores on Calle Fuencarral; it already owned number 23 and 25 on the Madrilenian street. “Fuencarral is one of the most sought-after retail areas for operators, investors and domestic brands looking to expand their businesses due to its high footfall. As a result, store rents and prices per m2 in the area are on the rise”, explained Enric Vial, CEO at Retail Prime Locations, which advised Vastned in the operation.

Vastned owns another store on Calle del Carmen, next to Calle Preciados (the most expensive retail street in Madrid), as well as on Calle Serrano 36, which is leased to the luxury firm Ferragamo. In November, it purchased another store, located on Calle Ortega y Gasset, for €16 million, which is leased to the luxury shoe designer Jimmy Choo.

Original story: Expansión (by R. Ruiz)

Translation: Carmel Drake

The post Vastned Buys Its Sixth Retail Store In Madrid For c. €10M appeared first on Aura Real Estate Experts.

Source:: AURA Real Estate Experts


Sorry, the comment form is closed at this time.