European real estate manager Eurofund has added the 90,000sqm Oasiz Madrid shopping centre in Spain’s capital to its portfolio.
Eurofund said it has taken control of the shopping centre and plans to invest up to €20m into the asset which comprises retail, leisure, food & beverage, as well as sports facilities, and a fountain lake show.
Ian Sandford, president of Eurofund Group, said: “Oasiz offers today an excellent base from which we can create an extraordinary guest experience. With the new injection of capital, we can implement our expertise to continue building a leading destination for Madrid.”
Savills has been appointed as property manager to oversee the day-to-day operations of the centre, working alongside Eurofund to optimise operational efficiency and tenant relations.
Luis Espadas, executive director and head of retail at Savills in Spain, said: “We look forward to working with Eurofund Group to ensure Oasiz can fulfil its potential—leveraging our expertise to ensure an effective approach to Oasiz’s property and facilities management, sustainability, and technical requirements across the project.”
Oasiz opened its doors in December 2021.
To read the latest IPE Real Assets magazine click here.
