Redevco acquires prime retail property in Madrid for 27m euros

June 21, 2010

REDEVCO has announced the acquisition of a retail property in Madrid’s exclusive Salamanca district, at Calle Goya 47. The building has a surface area of approx. 2,300 sq m and has been under lease to Zara since 2005.

According to Javier Hortelano, Managing Director of REDEVCO in Spain, Portugal and Italy, “We are extremely pleased with the deal, since this acquisition is in line with our strategic goal of developing a portfolio of prime commercial real estate in Spain’s leading cities.”

Javier Hortelano added, “At REDEVCO we’re open to new investment opportunities, and despite the current adverse economic situation this retail building on Calle Goya is very attractive for us not just because of its strategic location and interesting internal design, but also because it is under long-term lease to a top business like Zara of the Inditex Group.”

Latest News

TURNSTONE ESTATES SELLS SAFFRON WALDEN SITE TO OWNER OCCUPIER

April 9, 2021 - 14:12

Turnstone Estates has sold a 1.3-acre development site on Ashdon Road, Saffron Walden to tool and plant hire company GR8 who intends to build out 20,500 sq ft of commercial space of which about 7,000 [...]

+ Read More

ROB TUDOR TO SET UP NEW BUSINESS

April 9, 2021 - 14:11

Rob Tudor, one of the most high-profile UK investment agents, has left the business he established 25 years ago to set up a new agency, Tudor Real Estate (TRE),  with his daughter Abigail Tudor and[...]

+ Read More

HR OWEN AGREES TURNKEY DEAL WITH ARLINGTON AT HATFIELD BUSINESS PARK

March 23, 2021 - 11:27

Arlington has agreed a freehold turnkey deal with luxury and supercar dealer HR Owen Plc for a new showroom at Hatfield Business Park, Hatfield, Hertfordshire. Arlington has sold a five-acre plot to [...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR