CBRE Investment Management Acquires Parque Corredor Shopping Centre in Madrid for €250 Million

"CBRE Investment Management has acquired Parque Corredor, a major shopping center in the eastern Madrid metropolitan area, from Redevco and Ares for approximately €250 million. The center, which opened in 1995, spans 123,000 square meters and features brands like Primark, Zara, Ikea, and MediaMarkt. Various legal and advisory firms assisted both parties in the transaction."

In a recent transaction, law firms Pérez-Llorca, Cushman Wakefield, Optima, and Garrigues advised Redevco y Ares, while CBRE was represented by RPE, EY, Linklaters, and JLL. CBRE Investment Management has acquired Parque Corredor, a prominent shopping centre located in the eastern area of the Madrid metropolitan region, from Redevco y Ares. The acquisition was executed through a fund managed by CBRE's direct investment division, with the transaction valued at approximately €250 million. Parque Corredor, which opened in 1995, spans 123,000 square metres and features well-known brands such as Primark, Zara, Ikea, and MediaMarkt. The legal teams involved in this transaction included Adolfo Guerrero (partner), Juan Vera, and Rosario Bernáldez (managing associates) from Linklaters, and Jesús Varela (real estate partner), Enrique Delgado, and Gabriela Ruiz-Gallardón (real estate lawyers) from Pérez-Llorca.

CBRE Investment Management Acquires Parque Corredor Shopping Centre in Madrid for €250 Million

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