spot_img
Wednesday, November 29, 2023

KPMG advises Savills IM on €60m shopping centre acquisition

KPMG Spain has advised Savills IM on its acquisition of the Bahía Real shopping centre in Camargo (Cantabria) for €60 million

-

International real estate investment manager Savills Investment Management (Savills IM) has acquired for one of its funds the Bahia Real shopping centre in Santander, for around €60 million, in an off-market process.

The asset has been sold by its developers, Citygrove and Burlington. According to the company, two existing investors provided additional capital for the acquisition in Santander, bringing the assets under management of the fund managed by Savills IM to around €1 billion. Following this acquisition, the fund’s portfolio consists of twenty office, retail and logistics assets in ten countries.

Savills IM was advised by RPE, CMS, Hollis and KPMG. The Bahia Real retail park, which was inaugurated in December 2020, has a total surface area of 20,000 square metres and 23 tenants, including operators such as Mercadona, Tiendanimal, Sports Direct, Maisons du Monde and Jysk.

KPMG Spain advised Savills IM with a Corporate Taxation team formed by director Carlos Velasco and senior manager Ignacio Corces.

- Advertisement -spot_img
- Advertisement -spot_img

MOST READ NEWS

Multi-law firm advice on Brown‑Forman´s acquisition of Gin Mare

Brown‑Forman Corporation has announced its agreement to purchase the Gin Mare brands from Vantguard and MG Destilerías. Upon completion of the transaction, Brown‑Forman will...

CC advises QuironSalud on sale of hospital in Peru

The divested portfolio consists of QuironSalud's stake in the flagship hospital Clínica Ricardo Palma located in Lima. Entities of the Verme family, who currently...

Deloitte Legal advises Saoyama on the sale of Aldiana Fuerteventura

The hotel division Der Touristik of the German food company Rewe acquires the Aldiana Club Ampflwang in Jandía (Fuerteventura), in one of the most...
spot_img
spot_img
spot_img
spot_img
- Advertisement -spot_img
error: