Indotek Group, an international real estate fund based in Budapest, has closed a strategic transaction with Merlin Properties SOCIMI: the acquisition of two shopping centres in Spain, the Factory Bonaire in Aldaia (Valencia) and the Vilamarina shopping centre in Viladecans (Barcelona). With this purchase, Indotek continues its plan to reposition and reactivate its retail assets, expanding in Southern and Central Europe.
Through this transaction, Indotek will experience a significant increase in the extension of its commercial assets in the Iberian Peninsula. Previously, the company already owned a number of supermarkets and a medium-sized retail park in the region. In addition, the Hungarian company has a presence in the Spanish hotel industry, with a total of 6 hotels located in different locations on the Mediterranean coast, totalling more than 1,300 rooms.
Baker McKenzie Spain has advised Indotek on the legal aspects of the transaction. The Real Estate team was led by Guillermo Rodrigo and with the participation of Paloma Alcón and Camila Delgado.