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Mazabi buys 22. 728 sqm retail park in Spain
26 March 2019 | Vanessa Sousa

Mazabi Group’s most recent investment vehicle keeps investing. This time, Atalaya Superfícies Comerciales bought a commercial complex in the municipality of Olaz, which is located in the Spanish province of Navarre.

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The amount paid to Velacapital Inversiones, former owner of the asset, was not disclosed.

The retail park has a 22.728 sqm GLA, of which 12.000 sqm are destined for the rental market. There are several companies already occupying this space, like McDonald’s, but there are still 5.000 sqm available.

Despite being only six months old, Atalaya Superfícies Comerciales has already invested 30 million euro in assets. The young company plans a capital increase to maintain this investment strategy. Eje Prime mentions that, this year, the company belonging to the Mazabi Group expects to reach 32 million euro in investment on retail.