Spanish family-owned real estate group Gedeco Avantis has sold the H2Ocio shopping centre in Rivas near Madrid for around EUR 84 mln. Well-informed market sources told PropertyEU that the buyer is Alpha Pyrenees Trust, a closed-end real estate fund focusing on investment in France and Spain. Alpha Pyrenees declined to comment on Friday.
Ares, Coima and MEAG are three investors which have closed multiple acquisitions in the last few weeks.
