Spanish real estate services group Aguirre Newman has announced the sale of the Bahia Mar shopping and leisure centre in Cadiz, southern Spain, to local property firm Grupo Soluciones. The deal is said to be the first shopping centre transaction brokered this year in Spain.
Spanish real estate services group Aguirre Newman has announced the sale of the Bahia Mar shopping and leisure centre in Cadiz, southern Spain, to local property firm Grupo Soluciones. The deal is said to be the first shopping centre transaction brokered this year in Spain.
Aguirre Newman was hired by Belgium's privately-owned GL Group and the lender to the asset, Eurohypo, to divest the scheme which provides 21,000 m2 of gross retail space. Financial details were not disclosed.
The acquisition marks a departure from Grupo Soluciones' strategy which previously focused on the development of residential assets.
