PropertyEU

ING fund buys Madrid mall for EUR 130m

By A staff reporter 2008-03-12T00:00:00

ING Retail Property Partnership Southern Europe Fund (RPPSE) has acquired Alcala Magna, a 34,000 m[sup]2[/sup] shopping centre in Madrid, for EUR 130 mln. The two-level urban shopping centre, previously owned by ING Real Estate’s Development division, has been fully let since its opening last October. It also boasts 1,200 car ...

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