Merlin considers to sell 4 Spanish shopping centers

Merlin considers to sell 4 Spanish shopping centers

 

All these assets were integrated by the group during the merger with Metrovacesa at the end of 2016, mentions EjePrime.

Based on information from Expansión, it explains that the shopping centers are located in the cities of Reus, Murcia, Viladecans and Gandía, and have a total GLA of 152,000 m2 and 17 million annual visits. The newspaper estimates that these assets may have a value of around €300 million, but Merlin has not yet commented on an official sale process.

If this operation is carried out, the socimi takes advantage of the good moment of commercial real estate investment in Spain, where shopping centers have been particularly active, reducing its portfolio of 18 shopping centers.

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