Commerz Real sold the fully leased “Espai Girones” shopping centre from its hausInvest open-ended real estate fund portfolio to Lighthouse Properties for around EUR 168.2 million. This is just under a quarter of the 2005 purchase price of around 127.8 million euros.
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The property was market-ready and we took advantage of the increased demand for shopping centres to achieve a good result for our investors.
Mario Schüttauf
hausInvest fund manager since 2007
Commerz Real cites the structural connection to the adjoining specialist market centre as the basis for increasing visitor numbers and thus more rentals as reasons for the increase in value. As a result, Primark and the Auchan subsidiary Alcampo succeeded in winning two large anchor tenants for the centre with 105 shops and 40,000 square metres of rental space located in Girona halfway between Barcelona and Perpignan. Meanwhile, visitor and sales figures as well as area productivity are also back at or above the pre-coronavirus level.
Ambas Real Estate advised Commerz Real as part of the structured sales process.
About Commerz Real
Commerz Real AG is the asset manager of the Commerzbank Group and has 50 years of international market experience. The company combines extensive know-how in asset management with broad structuring expertise and uses this expertise to develop tangible asset-oriented fund products and individual investment solutions in the real estate and infrastructure sectors. As a leasing service provider of Commerzbank, Commerz Real Mobilienleasing also offers needs-based leasing concepts.
Since 2025, the Commerzbank Group’s asset management holdings have been bundled with Commerz Real AG. In addition to Commerz Real’s brands and products, these include the Aquila Capital investment company with a focus on sustainable tangible asset investments in the area of energy infrastructure and Yellowfin as a boutique for liquid investment strategies. Under the umbrella of Commerz Real AG, a total of around 1,000 employees manage assets of around EUR 55 billion at around 20 locations.
