AEW Sells Portfolio of 16 Spanish Supermarkets for €85.5m to Kennedy Wilson
AEW Europe, advised by CBRE, has sold 16 Spanish supermarkets to Kennedy Wilson Europe Real Estate Plc for €85.5 million. CBRE advised AEW on the sale.
The portfolio of assets, located throughout Spain, comprises a total of 55,148 square meters of lettable space across high street and big box store formats. All the properties are currently leased to the Carrefour and DIA retail chains.
According to Miguel Fuster, Director of Investment Properties at CBRE Spain, "”
We have already witnessed similar acquisitions within the large retail distribution sector this year. This sale confirms the renewed interest, from international investors, in Spanish real estate and, in particular, the retail sector.