Alpha Real Trust Limited H2O Sale Completion (3187N)
August 07 2017 - 9:19AM
UK Regulatory
TIDMARTL
RNS Number : 3187N
Alpha Real Trust Limited
07 August 2017
7 August 2017
ALPHA REAL TRUST LIMITED ("ALPHA REAL TRUST")
Completion of the partial sale of the H2O shopping centre,
Madrid
Alpha Real Trust announces the successful completion of the sale
of a 70% equity interest in the H2O shopping centre in Madrid
("H2O") to CBRE European Co-Investment Fund, managed by CBRE Global
Investors in line with the terms previously advised.
As previously announced, Alpha Real Trust will retain a 30%
stake in joint venture with CBRE Global Investors to participate in
the future growth of the centre. Alpha Real Capital, the investment
manager of Alpha Real Trust, will continue to manage the shopping
centre. H2O shopping centre is located in Rivas Vaciamadrid, which
is 17km southeast of Madrid CBD and is one of the city's fastest
growing districts. Opened in 2007, the property is a 52,000 square
metre shopping centre comprising 130 units across two floors and is
arranged around a man-made lake and large landscaped gardens. The
property has a strong leisure and restaurant focus. Anchor tenants
include Nike, Mercadona, H&M, Mango and seven Inditex Group
brands, including Zara, Bershka and Massimo Dutti, along with
leading cinema operator Yelmo.
Alpha Real Trust originally purchased H2O in March 2010. Under
Alpha Real Trust's ownership, annual footfall at the shopping
centre increased from 5.7 million to 7.7 million visitors and
continues to grow strongly.
For further information please contact:
Alpha Real Trust Limited
David Jeffreys, Chairman, Alpha Real Trust +44 (0) 1481 231 100
Brad Bauman, Joint Fund Manager, Alpha Real Trust +44 (0) 20 7391 4700
Panmure Gordon, Broker to the Company
Richard Gray / Andrew Potts +44 (0) 20 7886 2500
Further information on the Company can be found on the Company's
website: www.alpharealtrustlimited.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCMMGGRDNRGNZM
(END) Dow Jones Newswires
August 07, 2017 10:19 ET (14:19 GMT)
Alpha Real (LSE:ARTL)
Historical Stock Chart
From Apr 2024 to May 2024
Alpha Real (LSE:ARTL)
Historical Stock Chart
From May 2023 to May 2024