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.
News ReleasesShopping centre Espai Girones sold in Spain
Time to read4 min.
updated at10/10/2024
CategoryNews Releases
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 Commerzbank Group and has 54 years of international market experience. The company combines comprehensive asset management expertise with broad structuring capabilities, developing tangible asset-oriented fund products and individual investment solutions in the areas of real estate and infrastructure. As the leasing service provider of Commerzbank, Commerz Leasing also offers tailored leasing concepts.
Since 2025, the asset management subsidiaries of Commerzbank Group have been bundled under Commerz Real AG. In addition to the Commerz Real brands and products, these include Aquila Capital, with a focus on real asset investments in the energy infrastructure sector, as well as Yellowfin Asset Management, a boutique for liquid investment strategies. Under the umbrella of Commerz Real AG, a total of approximately 1,000 employees at around 20 locations manage assets of more than 55 billion billion.
Media contact
Commerz Real and real estate
Gerd Johannsen
+49 151 11761717gerd.johannsen@commerzreal.com