CB Richard Ellis announces that it has completed the sale of a 1,945-m² retail unit in Madrid for Redevco, which has been sold to a private investor for 2.2 million. The property, located close to Madrid city, is currently leased to Spanish supermarket chain, Supersol.
The property is part of Redevco's asset portfolio, purchased in 2005 to Ahold Supermarkets in a 2.1-million sale & leaseback transaction. In addition to retail space, the development has 30 parking spaces.
Miguel Fuster, National Private Investors Director, CBRE Spain, said: "CBRE was successful in identifying an investor with equity and financing capability. Completing this investment transaction in today's market is a significant achievement."
Source: CB Richard Ellis