High Street Retail
CG Capital Europe has acted as the exclusive financial and real estate advisor to the two Sellers of the Assets, a prestigious Spanish-based fashion firm and a private equity investor, in the successful joint sale of two adjacent Prime High Street Retail Assets, located in Calle de Serrano, Madrid, one of the most demanded and recognized locations in the country. Both Assets have a combined surface area of 665 sq.m. (distributed in ground and basement floor).
The Purchaser of the Assets has been a JV between an institutional investor and an insurance company, both based in Spain. The Purchaser will carry out the connection & full refurbishment of the Assets and the selection of a new tenant, in order to turn it into a landmark property in Madrid’s ‘golden mile’.
CG Capital Europe has structured and led the entire complex sale process, including the difficult management of joining both Assets, the definition and execution of the optimal sale process and the relationship between all parties involved in this innovative and complex real estate transaction.
This is a particularly demanding Transaction for the exclusive advisor (CG Capital Europe) in the context of Covid-19, with retail being one of the sectors most impacted by the pandemic.
This transaction represents another example of CG Capital Europe’s successful track record and its excellent relationships with real estate investors, both globally and domestically, together with its in-depth knowledge of real estate corporate finance, having closed transactions worth c.€3.9 billion over the last ten years.