All Articles
Vialia Estacion, Malaga

TIAA Henderson Real Estate appointed to manage Vialia Malaga in Spain

TIAA Henderson Real Estate (TH Real Estate) has been appointed to manage Vialia Málaga, a shopping centre in Malaga, Spain.

The management contract follows the acquisition of the shopping centre by a consortium of Brazilian investors. TH Real Estate will represent the new owners of the asset in all aspects related to the management of their investment.

Vialia Málaga, which has a GLA of over 33,000 m2, is the largest centre to be built, to date, by Riofisa and Adif. Opened in 2006, the asset comprises a hotel operated by the Barceló chain and 95 stores which include a wide variety of retail and leisure services. Tenants include Media Markt, fashion chain H&M, various Inditex brands and a 13-screen multiplex cinema run by Yelmo Cinemas.

Vialia Málaga adds to TH Real Estate's strong management portfolio in Spain, which includes Nervión Plaza in Seville, Miramar Shopping Centre in Fuengirola, L'Aljub in Elche, Espacio Coruña in A Coruña and Getafe Bulevar in Madrid, in addition to two retail parks and a logistics platform.

Having specialised in retail property for over 30 years, TH Real Estate has a strong reputation for its retail expertise. It has been involved in some of the best-known and largest retail schemes across the UK and Europe. Many of these schemes have been ground breaking in terms of scale, design and innovation. Of its c. €16.4 billion AUM* in property, c. €9.3 billion*, representing c. 60%*, sits within the retail sector. This includes over 170* retail assets across Austria, Belgium, China, France, Germany, Greece, Italy, Netherlands, Spain, Sweden & the UK.

Manuel Martin, TH Real Estate’s Head of Spain commented: “We are delighted to have been awarded this mandate which is testament to our expertise in the sector and our experience in managing an array of retail assets across Spain. With significant occupancy and footfall rates, we believe that Vialia Málaga is optimally positioned to benefit from our asset management platform. We look forward to leveraging our retail experience to strengthen its position further and crystallise its position as one of the strongest shopping centres in Andalusia.”

*All figures as at 31 December ’13 (Henderson Real Estate Asset Management Ltd)

 

Disclaimer
Issued by Henderson Real Estate Asset Management Limited, 201 Bishopsgate, EC2M 3BN. Authorised and regulated by the Financial Conduct Authority.
TH Real Estate is a name under which Henderson Real Estate Asset Management Limited provides investment products and services.