UBS has completed the acquisition of the shopping center Zielo Pozuelo (Spain). The Spanish team of the CVO Group supported he investor with technical and environmental due diligence services.
UBS acted on behalf of third party buyer. The vendor is the Hines European Value Added Fund (HEVAF).
Zielo Pozuelo, with 15.555 m2 of LFA, is located in Pozuelo de Alarcón (Madrid) and it was opened in 2009. Zielo Pozuelo has become a reference point for Spanish shopping centers due to its unique retail mix and its top-level tenants such as Sánchez Romero, Massimo Dutti, Uterqüe, COS, H&M and the restaurant Cielo de Urrechu.
Based on an article by Europapress of June 2015.