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The Outlet Stores Alicante was sold for €34M
03 October 2019 | Vanessa Sousa

The Outlet Stores Alicante was sold this Wednesday by Savills Investment Management. The asset’s new owner is a fund managed by Swiss UBS.

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With this operation the management company received around 34 million euro, an amount which confirms the repositioning strategy carried out by the company since 2013, when it acquired the asset.

According to Eje Prime, the space was not only remodelled, but also extended in about 4.000 sqm. This outlet currently offers a 35.000 sqm GLA.

For Salvador González, national director for retail investment at Savills Aguirre Newman – who advised the seller –, this type of retail assets is «very attractive for investors».