The Real Estate team at Dentons in Spain has advised Castellana Properties on the €340 million acquisition of the Islazul Shopping Centre from Henderson Park and Eurofund Group. Strategically located next to the M-40 motorway, the shopping centre is one of Madrid’s largest retail and leisure destinations, with more than 90,000 sqm of gross leasable area and approximately 12 million annual visitors.
Castellana Properties is a listed company specialized in the acquisition and management of retail assets in Spain and Portugal. The transaction strengthens its position in the Spanish retail market through the addition of a large-scale, income-generating asset with a significant operational presence.
Real Estate partner Roberto Tojo in Madrid led Dentons’ legal team on the transaction, with support from associate Pablo Vacas and partner Jabier Badiola, who advised on the financing aspects.
Roberto Tojo commented: “Islazul is one of Madrid’s largest shopping centres, and the transaction reflects the continued investor appetite for large-scale retail assets in Spain, particularly among listed companies.”
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