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The German Fund KGAL Arrives in Spain with an Operation Worth More Than €100 Million

The German investment manager has closed an agreement with Barings to buy its commercial portfolio in Spain, which includes a dozen Carrefour super and hypermarkets, for 120 million euros.

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A new real estate investor has arrvied in Spain. Like in the case of LCN and its purchase of a batch of supermarkets from Mercadona, the business niche chosen for this investor’s foray into Spanish real estate is also large food stores.

The firm in question is the KGAL Group, a German investment manager with an investment volume of more than 20.2 billion euros. Founded in 1968, the group invests in more than thirty markets across Europe and has its registered office in Grünwald, near Munich.

Read the full article in Spanish.


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