Generali Real Estate has invested an undisclosed sum on behalf of its pan-European fund core retail property fund to buy has acquired a 4,400sqm asset in Spain.

The €39bn asset manager said the Generali Core High Street Retail Fund has acquired the mixed-use Portal del Angel 40 building in Barcelona from Medcap Real Estate.

The fully-let office and high-street retail asset in Av Portal del Angel was completely renovated this year.

The asset is fully let to 3 tenants with long-term lease contracts.

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