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News » Spain
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Deutsche Bank realizes €493 million single transaction in Barcelona

With the purchase of the shopping centre “Diagonal Mar” for a total of € 493m, Deutsche Asset Management (Deutsche AM), through its Iberian real estate investment business in Madrid led by Carlos Manzano, announces the highest single transaction on the Spanish retail market. The second largest shopping centre in Barcelona will be added to the open-ended real estate fund „Grundbesitz Europa“ to increase the retail share within the fund. Seller of the shopping center is the US real estate company Northwood Investors, who have added the project to their portfolio in 2013.Diagonal Mar (Avinguda Diagonal, 3) was designed by Jean-Louis Solal and Robert A.M. Stern and inaugurated in 2001. The shopping centre with useable space of approxi...[…]