Equilis today announced the sale of the Finestrelles shopping center in Esplugues de Llobregat (Barcelona) to the French investment fund Frey for 127.5 million euros. The center has a surface area of 99,630 m2, of which 39,250 m2 is commercial space, which is rented to more than 100 stores, both for fashion and accessories, as well as for decoration, sportswear, electronics or telephones. Thus, the center includes the first Plaza de Catalunya AliExpress store, an Alcampo hypermarket and large surfaces of firms such as Decathlon, Media Markt, Zara or Bershka.
Equilis Spain has been the final promoter of the center, taking up a project initially promoted by the Sacresa group of the Sanahuja family, which was paralyzed by the group's bankruptcy. The center has been the first Equilis project in Spain, and is managed by the Cushman consultancy
Frey is a French real estate fund dedicated to the development, investment and management of outdoor shopping centers in France, Spain and Portugal. The company currently operates and manages a portfolio of centers that includes the Parc Vallès de Terrassa and the Torres Salses project in Lleida. Its assets, valued at more than 800 million euros, provide it with revenues of more than 75 million euros per year, with a portfolio of projects in progress of 400,000 m2.
Víctor Gómez, head of Equilis in Spain, recalled that Finestrelles was the company's first project in the country and that its area of influence is already consolidated with "influxes of more than 6 million visitors" during the first year of operation.
According to those responsible for Cushman
