Meridia Capital Partners (“Meridia”) announced this week the acquisition of shopping centre Miramadrid , located in Madrid .
The property comprises a 7,148 sqm m all . Opened in August 2009, the shopping centre is distributed over two floors above ground and has 50 retail units and a petrol station.
The main anchor tenant of the shopping centre is Mercadona (the leading retailer in Spain) , which accounts for 31% o f total built area . Other tenants include Burger King, Telepizza , Bodybell and Telefónica Movistar.
Juan Barba , Partner and Managing Director for Real Estate at Meridia Capital, said “We are pleased to complete this transaction , which fits perfectly with in Meridia Capital’s strategy of acquiring value-added assets in the Spanish market . This asset allows Meridia Capital to continue with its add - on retail strategy initiated with the acquisition of Albufera Plaza last September and followed by the purchase of ten food retail units operated by Consum in January .”
Meridia Capital was advised on the deal by Knight Frank , Dokei and Roca Junyent .
About Meridia Capital
Meridia Capital Partners is a Barcelona-based fund management group. It boasts extensive experience in the real estate sector, having handled numerous real estate transactions since 2001 in both Spanish and foreign property markets. In May 2014, Meridia Capital launched Meridia Fund II, endowed with 150 million euros of equity and an investment capability of circa 400 million euros . The Fund invests in the Spanish real estate sector.
Meridia Capital also launched ‘Meridia Impact Fund’ ('MIF') at the end of 2014, a new vehicle focused on the Spanish social investment sector which aims to identify innovative and entrepreneurial social organisations and provide them with financial and non-financial support.
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