1 and 7 Colon Street , Valencia

Edificio Inbest Real Estate

Transaction perimeter:

  • Commercial premises of 7,311m2 distributed over 5 floors (Colón, 1)
  • 84 underground parking spaces not associated with the commercial area (Colón, 1)
  • An office building with an area of 1,878m2 distributed over 8 floors without a façade to Colón street (Colón, 7)

Located in Colón, 1-7, the main commercial street in Valencia, next to Pull & Bear, Primark and Oysho (Colón 1)

Transaction: Long-term sale&leaseback agreement with El Corte Inglés and creation of: i) an additional flagship store of close to 1,500 sqm with façade to Colón street; and ii) office building of approximately 1,800 sqm; Identification of potential first level tenants, structuring and negotiation of lease agreements.

Location

1 and 7 Colon Street , Valencia

Date of investmet

February 2019

Status

Asset under management

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