OMO Retail, the fund manager specialising in retail assets, has closed three new investment operations. The firm created by Juan Olivié, former Director of Investments at Corpfin, and Javier Fernández, former Head of Ten Brinke Spain, has expanded its portfolio with the acquisition of three assets located in Madrid, Badajoz and Cádiz.
Specifically, OMO Retail has signed an agreement with the Family Cash chain to open a hypermarket and gas station in the town of Almendralejo (Badajoz). “The brand wanted to be located in the area. We bought the asset, which spans a GLA of 6,700 m² along with 18,000 m² of land, at the end of July and we signed a rental agreement with them for the land and the warehouse where the establishment will be located. Building work is currently underway ahead of the opening, which is scheduled for December. The operation has been financed by the Caja de Almendralejo ”, explained Juan Olivié, Director of Investments at OMO Retail speaking to Brainsre.news.
Read the full article in Spanish.