Unione Group acquired the retail portfolio composed of two Interspar stand-alone units located in Nyiregyhaza and Zalaegerszeg, leased and operated by SPAR since their delivery in 1999.
Interspar Zalaegerszeg offers a GLA of some 9,000m2 and went through a major refurbishment and upgrade in 2016. Interspar Nyíreghaza offers a GLA of 8,700m2 and was fully upgraded in 2018 with a major refurbishment and regearing of the lease. The portfolio offers a weighted average lease term of some 10 years.
Unione Group has established a significant presence in the real estate market since 1998. The investment group is recognized for its involvement in several award-winning real estate development projects. This acquisition has increased to 6 the total number of strip-mall assets in the Unione network, reflecting the group's strategic growth and its focus on enhancing retail infrastructure.
Avison Young were instructed by the Seller while the Buyer was advised by iO Partners.
Image source - Avison Young.
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