Asset manager Activum SG Capital has reportedly acquired the Zubiarte shopping centre in Bilbao following the opening of a Spanish office in early 2015.
Asset manager Activum SG Capital has reportedly acquired the Zubiarte shopping centre in Bilbao following the opening of a Spanish office in early 2015.
According to a news report by Spanish paper Expansion, Activum bought the asset from a joint venture of Sonae Sierra's fund and CBRE Global Investors for around €30 mln.
Inaugurated in 2014, the complex provides over 61,000 m2 of space over five buildings, including 20,640 m2 of retail space and a cinema. It is located in the Abandoibarra area near the striking Guggenheim museum.
The deal follows Activum's purchase in October last year of the Heron City shopping centre in Barcelona.
The company has a spending power of €200 mln in Spain, on behalf of its Iberian Fund I.
