Dentons advises Castellana Properties on acquisition of Islazul shopping centre in Madrid

Madrid-Dentons' Real Estate team in Spain has advised Castellana Properties on the EUR 340 million acquisition of the Islazul shopping centre from Henderson Park and Eurofund Group. The shopping mall, strategically located across from the M40 ring road, is one of the largest retail and leisure destinations in Madrid, with more than 90,000 sqm of gross leasable area and annual footfall of approximately 12 million visits.

Castellana Properties is a listed company specializing in the acquisition and management of retail assets in Spain and Portugal. The transaction strengthens its position in the Spanish retail market through the addition of a high-volume, income-generating asset with a significant operational footprint.

Madrid-based Real Estate partner Roberto Tojo led Dentons' legal team on the deal, with support from associate Pablo Vacas, and partner Jabier Badiola, who advised on financing.

Roberto Tojo commented, "Islazul is one of Madrid's largest shopping centres, and the deal reflects continued investor appetite for large-scale retail assets in Spain, particularly among listed companies."

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