CBRE Global Investors, on behalf of a pan European retail strategy, announces the acquisition of Mongolfiera, Lecce, Italy for €61.8 million. The vendor was Schroders.
The shopping centre was opened in 1994 and comprised of a hypermarket and a gallery. In 2006 it was extended and upgraded to include a food court area and an extension on the retail offer. CBRE Global Investors has acquired 11,365 sqm which excludes the hypermarket.
The single floor centre is anchored by Ipercoop (not part of this transaction), MediaWorld, H&M and Piazza Italia. There are 48 tenants in total and the centre is 100 percent occupied.
Mongolfiera is the dominant shopping destination in Lecce with a footfall of over four million visitors each year.
Income-producing properties are becoming an increasingly appreciated option for Romanian or foreign private investors who have previously been mainly active in the residential sector and who are now targeting...