VastNed Retail, the Dutch-based pan-European retail property investor, has acquired two prime high street shops in Madrid for EUR 10 mln. The transaction brings the value of the company's Spanish portfolio to over EUR 5 bn. The properties are located at 23 and 25 calle de Fuencarral, a street connected to Grand Via, one of Madrid's prime retail locations.
German-listed real estate company Branicks Group has sold a retail property in Bremen city centre to municipal urban developer Brestadt for €37.2 mln.
