September 4, 2019
The Carlton Group was the exclusive financial and real estate advisor to a reputed real estate developer in the sale of Miramadrid Shopping Center, located in Madrid, to Meridia Capital.
The shopping center, promoted by the real estate developer, was opened in August 2009 and has a total area of over 7,100 sq.m. and approximately 45 tenants, including Mercadona, Burger King, Telepizza, BBVA and Bodybell, as well as a British Petroleum (BP) gas station. This asset is the most relevant commercial surface in its primary area of influence.
The seller is a one of the most experienced and reputed companies in the Spanish real estate sector mainly focused on residential asset development. In addition, the company manages a land portfolio exceeding 17 million sq.m. in Spain and abroad.
Carlton Group has again shown its positioning as the most value-added advisor in the Iberian market for the sale or refinancing of real estate assets and companies in Spain and Portugal.
Seller’s CEO stated: “With this transaction, our company continues with its organic growth strategy through the development and sale of new real estate projects located all over Spain and in some other countries”.
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