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Barings, one of the world’s largest diversified real estate investment managers, announced today an off-market acquisition of a retail warehouse in Madrid, Spain on behalf of institutional investors.
The recently developed retail warehouse is located in a prominent retail area of Madrid, Spain. The property comprises 10,300 square meters and is fully let to Conforama, one of European’s largest retailers of furniture and household goods. Parking is provided for 200 vehicles.
Situated in Majadahonda, north west of Madrid, the property can be accessed via the M50 ring road and is adjacent to Gran Plaza 2, the largest regional shopping centre north west of Madrid. The property has a large primary catchment area that includes the neighboring municipalities of Las Rozas, Pozuelo de Alarcón and Boadilla del Monte.
Source : Barings Real Estate