December 2015

ES - GLL Real Estate Partners has completed the selling of Paseo de Recoletos 4

GLL Real Estate Partners has completed the selling of "Paseo de Recoletos 4" in Madrid (Spain). The Spanish team of the CVO Group managed the redevelopment of the property and supported GLL during the selling procedure.


1215-Paseo de Recoletos 4-CVO-Group.jpg


The listed office building in Madrid's CBD was sold to the Spanish bank Abanca (former Novagalicia). The property is a single-tenant office building of 5 floors with approx. 3.700 m² of LFA and 21 parking spaces.

Recoletos 4 was built at the end of the 19th century in Neoclassic style, and was fully refurbished in 2014/2015 by GLL. The refubishment works incorporated the achieving of a BREEAM ‘Very Good’ certificate.

The buyer will establish its Madrid headquarters in the building.

- Based on an article by El Confidencial of December 2015 -

December 2015

NL – Blackstone / Multi Corporation acquires Angelslo and Crabbehof shopping centres in the Netherlands

Blackstone / Multi Corporation acquired the Dutch shopping centres Angelslo (Emmen) and Crabbehof (Dordrecht). CVO Group supported the investor in the acquisition phase with technical due diligence services.

The vendor of the two shopping centres is Cairn Real Estate.


December 2015.jpgAngelslo, Emmen


December 2015-2.jpgCrabbehof, Dordrecht


The assets were added to Blackstone’s European retail platform


SC Angelslo consists of 8.700 sqm GFA and it comprises 35 shops with main anchors such as Jumbo, Action, Blokker and HEMA. SC Crabbehof consists of 9.900 sqm GFA and it comprises of 40 shops with main anchors Lidl, MCD Supermarkten, Blokker and Op=Op Voordeelshop.


Besides by the CVO Group, the investor was assisted by Houthoff Buruma.


- Based on an article by CBRE of December 2015 -