Deka Immobilien has sold retail space in a part-owned building in Valencia to Mutualidad de la Abogacia, an insurance company for lawyers and engineers in Spain.

Zara store

Zara Store

The German investor has sold the retail element of the block, which also contains apartments, but those are no included in the deal.

Deka owned the 1,800 m2 of retail in its open-ended WestInvest InterSelect fund.

The retail is fully let to Spanish fashion chain, Zara. 

The price tag was €30 mln.