IBA Capital Partners buys El Corte Inglés building on Plaza Catalunya for €100 million (ES)

As reported by the Spanish press, the famous Spanish department store chain has reached an agreement for the sale of its approx. 8,000 m² building on Plaza Catalunya to IBA Capital Partners for €100 million.

The building used to host the headquarters of Central as well as a Marks & Spencer store. El Corte Inglés will remain in the building as a lessee.

This transaction is part of the company’s divestments in order to settle a €5 billion debt to Morgan Stanley.


Source: La Vanguardia

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