AEW picks up Madrid prime retail park
Global real estate investment manager AEW has acquired Alcora Plaza, a prime, grocery-anchored retail park in Parque Oeste, Madrid in Spain. Financial details were not disclosed. The asset was acquired on behalf of one of AEW’s funds from Goldman Sachs Asset Management, who purchased the former Ikea store in 2017 and transformed it into a multi-tenant retail park. Alcora Plaza comprises 16,400 m2 of recently refurbished space divided into fourteen retail units, alongside a food court, recreational area and external...