CBRE advises Redevco in €2.2m sale (ES)

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

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