Savills Aguirre Newman has, on behalf of Hispania Activos Inmobilarios SOCIMI, sold Malaga Plaza, a prime office space located in the heart of Malaga, to New Winds Group. The purchase price was not disclosed. The 5,862m² office, which runs across two floors and forms part of the shopping centre under the same name, is 100% let to a range of high-profile tenants. The wider building is also owned by New Winds Group which acquired the building in 2017.
Jose Felix Perez Pena, Head of Savills Aguirre Newman Malaga, commented: “The deal, which represents the first office transaction in the city centre in eight years, reinforces the demand for well-located assets and highlights growing interest in Malaga from private and institutional investors. Having recently been refurbished to a high standard, this transaction is a unique opportunity in a dynamic city which is attracting increasing levels of investment across all real estate sectors.”
