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General de Galerías Comerciales buys Las Terrazas shopping centre for €42M
25 March 2019 | Vanessa Sousa

Las Terrazas shopping centre located in Gran Canaria, one of the Canary Islands in Spain, was bought for 42 million euro last week. Spanish REIT General de Galerías Comerciales is the 121.461 sqm commercial complex’s new owner which also has a 22.045 sqm terrain.

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According to the release from Mercado Alternativo Bursátil, the operation was financed solely using the company’s own funds. The seller’s identity was not disclosed on the document.

With this acquisition, REIT General de Galerías Comerciales’ portfolio now has 8 shopping centres, according to Eje Prime. The Centro Comercial Nevada, in Granada, is one of them. 

 

 

Photo: Eje Prime