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Lar España buys Madrid retail park for €62M

Lar España Real Estate SOCIMI SA bought the Rivas Futura retail park in Madrid for €62 million, marking its first large retail asset acquisition in the Spanish capital.

The asset, which is Madrid's third-largest and Spain's ninth-largest retail park, has a gross leasable area of 55,000 square meters and is 94% occupied with 24 tenants.

The property is located in the Rivas Vaciamadrid municipality.

The company invests in the Spanish real estate sector with a focus on retail properties.