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SES Spar European Shopping Centers is consolidating its position in the Northern Italian market. With the purchase of the IL GRIFONE shopping center in Bassano del Grappa, located in the highly affluent region of Vicenza/Veneto, the real estate developer and operator takes over a well-established location with immediate effect. The seller of the property is a fund of MCAP Global Finance (UK) LLP, the European branch of Marathon Asset Management LP (‘Marathon’) headquartered in New York. The center, which opened its doors in 2009, boasts over 20,000 square meters of gross leasable area (GLA), 7,000 of which already belonged to the SPAR Group (ASPIAG Italy) prior to the takeover. This latest addition takes the SES portfolio to 31 locations, three of which are already classed as large-scale Italian shopping malls.
Source : SES