An unknown buyer acquired Rivas Futura and Vistahermosa retail parks from Lar España Real Estate SOCIMI, S.A. for ?130 million.
July 27, 2023
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An unknown buyer acquired Rivas Futura and Vistahermosa retail parks from Lar España Real Estate SOCIMI, S.A. (BME:LRE) for ?130 million on July 28, 2023. Dentons Europe Abogados, S.L.U. acted as the legal advisor to Lar España Real Estate SOCIMI, S.A. (BME:LRE). Lar España has been advised on this transaction by Cushman & Wakefield, Gentalia and Optima Project. Guillermo Rodrigo and Marta González-Iniesta of Baker McKenzie acted as a legal advisor of AEW.
An unknown buyer completed the acquisition of Rivas Futura and Vistahermosa retail parks from Lar España Real Estate SOCIMI, S.A. (BME:LRE) for ?130 million on July 28, 2023.
Lar Espana Real Estate SOCIMI SA is a Spain-based company primarily engaged in the operation of retail Real Estate Investment Trusts (REITs). The Company specializes in acquiring, managing and renting real estate assets within the Spanish market. Its business activities are divided into three segments: Shopping Centers, Offices, as well as Logistics. The Shopping Centers area is responsible for operation of a number of shopping malls, namely Txingudi, Las Huertas, Albacenter, Anec Blau, Hiper Albacenter, and Nuevo Alisal, among others. The Offices segment invests in office properties, such as Arturo Soria, Cardenal Marcelo Spinola, Egeo and Eloy Gonzalo. The Logistics division focuses on managing logistics warehouses, including Alovera I and Alovera II. The Company also owns a plot for residential properties development. It is a parent of a number of entities, such as Lar Espana Inversion Logistica SA, Gran Via Centrum Holdings SAU, Global Noctua and Puerta Maritima Ondara.