Resilient Reit and Lighthouse Properties acquire Spanish mall for €171m
The dominant regional shopping centre is fully let to 147 major international and national retailers with annual footfall of 9-million
21 December 2023 - 15:00
JSE-listed Resilient Reit and Lighthouse Properties have jointly acquired Salera Centro, a regional shopping centre in Castellon de la Plana in Spain, for €171m.
The purchase price represents an annualised net initial yield of 7.7% including transaction costs based on the 2024 forecast net operating income...
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