Invesco Real Estate has acquired the Brexta shopping centre in San Sebastian-Donostia, Spain for EUR 16 mln. The 12,760 m[sup]2[/sup] centre is situated in the historical area of San Sebastian. It has a current occupation of 94%, and tenants include Adolfo Dominguez, Lacoste, Lidl, Timberland and McDonalds. San Sebastian’s city authorities granted Brexta 2000 a fifty-year concession in 1998 for the renovation and transformation of the buildings of Brexta’s old market and commercial centre. According to advisors Savills, the acquisition brings the total of Invesco's Spanish investments to EUR 190 mln.
Invesco Real Estate has acquired the Brexta shopping centre in San Sebastian-Donostia, Spain for EUR 16 mln. The 12,760 m2 centre is situated in the historical area of San Sebastian. It has a current occupation of 94%, and tenants include Adolfo Dominguez, Lacoste, Lidl, Timberland and McDonalds. San Sebastian’s city authorities granted Brexta 2000 a fifty-year concession in 1998 for the renovation and transformation of the buildings of Brexta’s old market and commercial centre. According to advisors Savills, the acquisition brings the total of Invesco's Spanish investments to EUR 190 mln.
