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GreenOak Acquires Shopping Centers in Spain

February 11, 2014

GreenOak Real Estate and Grupo Lar, on behalf of a consortium of investors, have agreed to acquire a portfolio of Spanish shopping centres from Vastned Retail N.V. for €160 million.

The portfolio is made up of seven shopping centres and one retail park comprising approximately 135,000 sqm and 380 tenants. Assets are located in Madrid (3), Barcelona, Alicante, Malaga, Murcia and Burgos.

GreenOak and Grupo Lar will jointly manage the shopping centres and the investment.