TIAA Henderson appointed to manage Spanish mall

TIAA Henderson Real Estate (TH Real Estate) has been appointed to manage Vialia Málaga, a shopping centre in Malaga, Spain.

The management contract follows the acquisition of the shopping centre by a consortium of Brazilian high net worth investors. TH Real Estate will represent the new owners of the asset in all aspects related to the management of their investment.

Vialia Málaga, which has a GLA of over 33,000 m2, is the largest centre to be built, to date, by Riofisa and Adif, a Spanish state-owned company in charge of railway infrastructure.

Opened in 2006, the asset comprises a hotel operated by the Barceló chain and 95 stores which include a wide variety of retail and leisure services. Tenants include Media Markt, fashion chain H&M, various Inditex brands and a 13-screen multiplex cinema run by Yelmo Cinemas.

Vialia Málaga adds to TH Real Estate's management portfolio in Spain, which includes Nervión Plaza in Seville, Miramar Shopping Centre in Fuengirola, L'Aljub in Elche, Espacio Coruña in A Coruña and Getafe Bulevar in Madrid, in addition to two retail parks and a logistics platform.