Wednesday, October 21, 2020
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Hines Reaches an Agreement with Aldi to Lease 2,000 m2 in its Macro Residential Project in Valdebebas

The real estate firm has announced that Aldi will open a supermarket in the multi-home residential rental complex.

Valdebebas 125 residential development

The international firm Hines is pushing ahead with the consolidation of its residential multi-home rental project, Valdebebas 125, in Madrid. In this way, the company has reported that the commercialisation of space is already underway, and that Aldi will be the first firm to open a store in the residential complex. It will be the distribution company’s fortieth supermarket in Madrid and it will have a total constructed area of ​​around 2,000 m2.

In February, Hines announced that it had signed a turnkey purchase agreement (“forward purchase agreement”) with Acciona for the acquisition of the entire multi-home rental project in Madrid. The project spans 31,000 m2 and is located in one of the fastest-growing districts of the capital, Valdebebas.

Read the full article in Spanish.

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