Henderson Global Investor has entered Spain with the purchase of 50% of the Parque Miramar site, including a shopping centre and retail warehouse park with a combined asset value of EUR 200 mln. London-based Henderson has been advised by global consultant Cushman & Wakefield.
Henderson Global Investor has entered Spain with the purchase of 50% of the Parque Miramar site, including a shopping centre and retail warehouse park with a combined asset value of EUR 200 mln. London-based Henderson has been advised by global consultant Cushman & Wakefield.
Henderson, which acquired the interest from Eroski, a major hypermarket operator and shopping centre developer, said the mall, located in southern coast of Spain, provides some 25,000 m2 of space including a 12-screen cinema and 160 retail units anchored by Eroski. It is adjacent to the retail warehouse park, which opened in the end of 2005. The remaining 50% interest is retained by retail, residential and hotel developer Miguel & Rodriguez.
The acquisition has been completed on behalf of Henderson’s Herald fund, launched in December 2005 to acquire retail warehouses, shopping centres and city-centre retail spaces. The fund, which closed in March at over EUR 400 mln in equity, has an investment focus on Eurozone countries, namely Spain, Italy, France and Germany.
