Norges and Sonae acquire portfolio of eight shopping centres in Spain valued at €1.5 billion
The portfolio comprises 8 shopping centres and over 250,000 m² of gross lettable area, including several landmark assets in the Community of Madrid, where it accounts for 11,300 square metres, whilst the remainder is owned by Unibail-Rodamco-Westfield. By Renta 4 Norges Bank Investment Management, together with Sonae Sierra, signed an agreement last Friday to purchase the portfolio of shopping centres owned by the Balkany family in Spain, valued at €1.5…
