Henderson Global Investors, on behalf of Warburg Henderson's RZVK-Immo-Fonds, has acquired the Meixueiro Retail Park in Vigo, Pontevedra, Spain, from Oralco for 35 million.
The Meixueiro Retail Park opened in July 2009. It has a catchment area of almost 700,000 people within half an hour's drive and is extremely well-located; just 7 km from Vigo city center and with direct access to the Rías Baixas motorway at exit 664.
Manuel Martín, director of Henderson Global Investors Property in Spain, said: "This investment is an exciting addition to the RZVK portfolio which fits well within the fund's risk profile. Our investors recognize the value in accessing Spanish prime retail stock and Vigo is an excellent first step. With a series of high quality tenants, paired with a secure income stream, we are confident that we will be able to maximize returns for our investors. The acquisition increases Henderson's retail portfolio under management in Spain, where it employs a dedicated team of specialists, and will broaden existing synergies across assets."
Henderson Global Investors was advised by Savills on this transaction.
Source: Henderson Global Investors