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Aedes signs a preliminary purchase for Serravalle Retail Park

Posted: 12 May 2017

Aedes SIIQ signed with Herald Level 2 Lux Holding Sarl the preliminary contract for the purchase of 100% Retail Park One Srl, owner of Serravalle Retail Park, at a price of € 39.1 mln.

The acquisition will be funded through a bridge loan of 27 million and for the residual with financial resources available to the company.

The Serravalle Retail Park has a GLA of 27,655 sqm, an occupancy of 86%, an entry yield of 9%, and includes high standing commercial tenants.