Swiss bank UBS has bought the Metromar shopping centre near the Southern Spanish city of Seville for about EUR 100 mln. The mall was purchased by UBS from the Spanish developer Novaindes on behalf of the UBS Lux Real Estate fund. This is the first acquisition of a Spanish shopping centre by the Swiss investor. The mall was inaugurated in November 2006 and provides some 23,335 m[sup]2[/sup] of space on three storeys.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
