M Core Spain acquires the Vía Sabadell Retail Park

M Core Spain in alliance with BN Capital Partners has acquired its third retail park, Vía Sabadell (Barcelona), following the previous acquisitions of Parque Quadernillos (Alcalá de Henares) and Vista Alegre (Zamora). 

Inaugurated in 2012, the retail park is strategically located in Sabadell (Barcelona), in the heart of Vallès Occidental, just 10 minutes from Barcelona. The Vía Sabadell Retail Park is part of the most important shopping complex in the Vallés Occidental, with nearly 2 million customers and a total area of more than 100,000 m2 of GLA. 

The main anchors of the complex are IKEA, Leroy Merlin and Mercadona, in addition to a wide range of other specialized medium-sized restaurants and restaurants. 

The Vía Sabadell Retail Park is located in front of IKEA and is home to 30 operators, most of them on a rental basis, with some owners who directly operate their premises, including Leroy Merlin, Mercadona, McDonalds or Pans & Company. 

M Core Spain has acquired 62% of the retail park, which represents 37,000 m2 leased to 20 operators, including Conforama, Media Markt, Wala, Pepco and Planet Fitness. 

The buyers were advised by Cell Finanzas, Eversheds legal advisors and Savills' technical team. For its part, the seller was advised by Cushman & Wakefield and Pérez Llorca. 

Christophe Le Corre, from M Core Spain, says: "This acquisition strengthens our position in the Spanish market. This retail park is consistent with M Core's strategy of investing in quality assets with the potential to create value in Spain. We are confident that the backlog in Spain will grow in the next 12-18 months."