NEWS FROM THE CVO GROUP

NEWS ARCHIVE

July 2015

ES - PATRIZIA Immobilien AG has taken over the retail space of a prestigious listed building

PATRIZIA Immobilien AG has taken over the retail space of a prestigious listed building in Malaga (Spain) from Grupo Nergosa. The Spanish team of the CVO Group supported Patrizia with technical and environmental due diligence services.

 

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The listed building, constructed in a modernist style in 1912, was fully refurbished in 2011. It is located in Plaza de Félix Saénz, one of the main pedestrian areas of Malaga.

 

The retail space, with 1.824 m² distributed in 2 floors, is leased to the fashion retailer H&M on a long-term lease.

 

This is the first acquisition of Patrizia in the Spanish market.

 

- Based on an article by Property Magazine / Expansion of July 2015 -