Investment firm Onix Capital Partners has acquired the Madrid Sur shopping centre in the Spanish capital city for an undisclosed amount.
The asset is an urban convenience centre that comprises 24,000 m2 of retail space located in one of the most populated neighborhoods in the south of the city. Tenants include leading food and fashion brands such as Carrefour, H&M, DreamFit, Kiwoko, Domino’s Pizza or McDonald’s.
Savills Aguirre Newman advised the buyer.
‘This transaction is a good example of investor interest in urban convenience assets with leading brands, especially in large cities,’ the broker said.
‘Despite the slowdown in investment activity during the pandemic, this deal shows that well established urban assets in their areas of influence are of special interest to investors,’ commented Salvador González, retail investment director at Savills Aguirre Newman.
