Dutch property group Wereldhave said on Monday it has acquired a retail and leisure centre in Collado Villalba, Spain, for EUR 53 mln. The net initial yield on the property amounts to 6.25%. Wereldhave bought the complex from private Spanish company Invers Oil.
Dutch property group Wereldhave said on Monday it has acquired a retail and leisure centre in Collado Villalba, Spain, for EUR 53 mln. The net initial yield on the property amounts to 6.25%. Wereldhave bought the complex from private Spanish company Invers Oil.
The Planetocio centre is located some 40 kilometres northwest of Madrid and was opened in 2001. It comprises 22,666 m2 of lettable space and 980 parking spaces. The tenant mix consists of 36% retail, 33% leisure and 31% restaurants. The centre is almost full let.
