Spanish fund manager Meridia Capital has announced the acquisition of the Miramadrid shopping centre in the Spanish capital for an undisclosed amount.
Spanish fund manager Meridia Capital has announced the acquisition of the Miramadrid shopping centre in the Spanish capital for an undisclosed amount.
Opened in August 2009, the 7,150 m2 shopping centre is distributed over two floors above ground and has 50 retail units and a petrol station.
The main anchor tenant of the shopping centre is retailer Mercadona, which accounts for 31% of total built area. Other tenants include Burger King, Telepizza, Bodybell and Telefónica Movistar.
'We are pleased to complete this transaction, which fits perfectly within Meridia Capital’s strategy of acquiring value-added assets in the Spanish market,' said Meridia's partner and managing director for Real Estate Juan Barba, former investment director at 'bad bank' Sareb.
Barcelona-based Meridia Capital was advised on the deal by Knight Frank, Dokei and Roca Junyent.
The deal follows Meridia's acquisition last year of the Albufera retail park in Madrid from a General Electric fund for around €21 mln. The complex provides 27,780 m2 of space and 250 parking spaces. Main tenants include retailers Mercadona and Inditex.
In January the company also purchased a food retail portfolio operated by Consum. The 10-property package comprises 22,000 m2 of space mostly located in the Valencia region.
