Dutch real estate investment company Redevco has purchased the Modelo building in Barcelona for EUR 45 mln. Located in one of the city's prime shopping areas, the landmark retail property at 131 La Rambla, has a surface area of 3,150 m[sup]2[/sup]. The Swedish fashion retailer H&M, a regular tenant of Redevco, has signed a lease contract for Modelo. The purchase brings the total number of properties the company owns in Barcelona to five.
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