CG Capital Europe has acted as the exclusive financial and real estate advisor to the Seller of the Assets, a reputable Spanish real estate manager, in the sale of a Portfolio of 20 retail assets with banking branch use, located in different locations in the province of Cadiz, leased on a long-term basis to a leading national bank and with a total GLA of approximately 10,000 sqm.
CG Capital Europe has structured and executed the sale process of the Portfolio, attracting investors of different profiles worldwide, through a highly professional private process, being able to optimize and maximize the terms and conditions of the transaction for the Seller, obtaining five offers and resulting in a Middle Eastern institutional as the selected investor.
This transaction has been successfully executed in the current complex post-Covid-19 environment, marked by two key elements: i) the uncertainty surrounding the retail sector, which led significantly to the lowering of interest in this asset class; ii) the transformation and digitalization of the banking sector, with the consequent bank consolidation and reduction in the number of branches.
This Transaction results once again in a testimony to CG Capital Europe, which has been able to attract investors from its extensive global network. Our Client has divested under extraordinary conditions in the most unfavorable environment for the retail sector in recent years (due to the impact of Covid-19).
CG Capital Europe has closed transactions for more than 3,900 million euros in the last ten years, with a success rate of c.95% (measured among its exclusive mandates).