Dutch property company Corio is on the verge of acquiring the Principe Pio shopping centre in Madrid for some EUR 125 mln, Spanish newspaper Expansion reported. According to the paper, the deal is expected to be signed next week. Proceeds from the sale will be used to reduce debt. Príncipe Pío, located near Madrid's metro station, provides some 45,000 m[sup]2[/sup] of retail space across 111 shops. CBRE is advising on the sale.
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