TH Real Estate buys 16,000m2 in L'Aljub shopping center for €18.7M

TH Real Estate buys 16,000m2 in L'Aljub shopping center for €18.7M

This operation was carried out by the investment fund managed by the group, the Southern European Value-Add Mandate (Seva). It comprises an area of 16,000m2, which includes the 9,900m2 of the supermarket and 4,500m2 of land occupied by Primark, as well as 200m2 of the Eroski gas station.

The space will be converted by TH Real Estate, which will reduce the supermarket to 5.100m2, leaving 4.800m2 for new brands in the shopping center.

EjePrime reminds that L'Aljub was owned by TH Real Estate until August last year, when sold it to a 50% joint venture of TPG Capital y Partners Group for €250 million.

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