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.
