1 and 7 Colon Street , Valencia

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 facade to Colón street (Colón, 7)

Located in Colón, 1, the main commercial street in Valencia, next to Pull & Bear, Primark and  ZARA.

Transaction: Long-term sale&leaseback agreement with El Corte Inglés and creation of: i) two  flagship store with façade to Colón street; and ii) optimization of parking spaces; iii) enhancement of the building of approximately 1,800 sqm; Identification of potential first level tenants, structuring and negotiation of lease agreements.