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NAEV Expands its Real Estate Portfolio in Spain with Two New Supermarkets

The operation has been carried out on behalf of the German pension fund Nordrheinische Ärzteversorgung (NAEV).

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Through Pradera, the German pension fund Nordrheinische Ärzteversorgung (NAEV) has closed the purchase of two hypermarkets in Spain, which are leased to Eroski. The assets were owned by ICG, which has divested them through a sale & leaseback operation.

It is not the first transaction of this type carried out by Pradera and NAEV. In November 2020, the firms paid 130 million euros to Invesco Real Estate for six Eroski hypermarkets and the Puente de la Ribera shopping arcade. That portfolio was located mainly in the Basque Country, specifically in Arrasate, Ordizia, Urola, Zalla, Zarautz and Tudela (Navarra).

Read the full article in Spanish.


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