Sector: In-Town Retail
Paseo De Gracia 32, Barcelona
Prime high-street retail unit comprising 1,160 sqm located at a corner location on Paseo de Gracia, the dominant shopping street in Barcelona for luxury as well as mass-market retailers.
Acquired in January 2016 from Adolfo Dominguez in a sale and leaseback transaction undertaken by BMO REP on behalf of clients of its pan-European retail property investment fund. Since then, BMO REP has been successfully implementing an asset management programme, comprising the division of the store into two independent units and an enhancement of their specifications, enabling the new lettings. Completion of the necessary works and handover to tenants is expected in mid-2018.