Find in the news:

Klepierre acquires Plenilunio, a major shopping center in Madrid

Pleniliunio is a leading 70 000 sq.m. shopping center located in Madrid.
Klépierre signed an agreement to acquire 100% of Plenilunio from the Orion European Real Estate Fund III C.V. Pleniliunio is a leading 70 000 sq.m. shopping center located in Madrid. With a large and updated fashion offer, high quality architecture and a prime location, Plenilunio is one of the major shopping center in the region around Madrid where Klépierre already owns two of the most prominent shopping malls: La Gavia (Southeast Madrid) and Principe Pio (Madrid center). This acquisition complements Klépierre’s existing retail platform in Spain and enhances its Spanish portfolio profile. This investment is consistent with the strategy to focus investments on leading retail assets in the most growing regions of Continental Europe.

Plenilunio Madrid Spain Plenilunio has established itself as the dominant urban retail destination for the eastern part of Madrid. Opened in 2006 and strategically located 11 km east of the city center of Madrid – Europe’s third largest city – Plenilunio welcomes 10.5 million visitors annually. This shopping destination addresses retail demand of a large and affluent catchment area of 1.5 million inhabitants within a 15-minute drive. At the crossroads of busy motorways - one going to Barcelona and the other coming from the Madrid Barajas International airport -, it enjoys very good visibility from Madrid’s major ring roads.

In addition, there are several bus routes connecting Plenilunio to Madrid’s city center and its surrounding residential districts. Population within its catchment area is dense and growing, with 14 000 new residential housing units being built. The purchasing power within the area is 30% above the Spanish national average, with 33% of households in the highest income bracket.

With a 99.3% financial occupancy rate as of December 2014, Plenilunio delivers strong growth, with retailer sales up by 15% in 2014 compared to the previous year. It brings together a large and updated fashion offer as well as a top supermarket within a space of high architectural quality.

The shopping mall extends over 70.000 sq.m. GLA on 3 levels, with a comprehensive retail offer of 230 shops: in May 2014, Primark extended its floor area to 6 700 sq.m. becoming the largest Primark store in Spain. Inditex’s main brands have all opened stores: Zara, Pull&Bear, Bershka, Massimo Dutti, Stradivarius and Zara Home.

Other main anchors: Mercadona, H&M, Mango, Desigual, C&A, Cortefiel, Mediamarkt, Sfera, Yelmo cinema.

This acquisition enhances Klépierre’s exposure in Spain, with more than 80% of the portfolio value coming from five leading shopping centers – the three aforementioned in Madrid Meridiano (Tenerife) and Mare Magnum (Barcelona) – confirming the Group’s position as a key partner for retailers entering or expanding in the country. Following this transaction, Klépierre gains significant scale in this attractive region: the Group’s portfolio value in Spain will total 1.4 billion euros.

Plenilunio will add approximately 21 million euros of annual gross income to Klépierre. The Group has identified a number of leasing and property management actions that will further increase Plenilunio’s cash- flows generation and accelerate its differentiation.

The price is based on a gross asset value of 375 million euros. With a liquidity position of 2.7 billion euros at year-end 2014, Klépierre plans to finance this investment via its own funds but may also consider mortgage financing for a limited part. The acquisition is expected to be completed by the end of March 2015 under the SOCIMI regime.

More about shopping malls in Spain

Amazon Style is experimenting with various tech services to enhance the shopping experience.
Jan 20, 2022, USA:
The new tenants include both international brands and small local companies.
Jan 18, 2022, North America, North America:
A retailer has filed several new trademark applications, indicating that it intends to produce and sell virtual goods.
Jan 15, 2022, United Kingdom:
Selfridges will be the first-ever entry into the meta-universe, and for the department store's customers, it will be a unique token buying experience.
Jan 15, 2022, Japan:
Fast Retailing CFO: "It's time to review and raise prices on some products as we face higher costs."
Jan 14, 2022, USA:
Employees who have not been vaccinated could be laid off as early as January 15, 2022.
and Follow
Arkadia GLA:1 184 030 SF
ADDRESS: Aleja Jana Pawla II 82, 00-175
Poland . Warsaw
Queens Place GLA:440 000 SF
ADDRESS: 88-01 Queens Boulevard Elmhurst, NY 11373
USA . New York
Queens Place
I Viali GLA:452 084 SF
ADDRESS: Via Dei Cacciatori 111 - 10042 Nichelino TO - Piemonte
Italy . Torino
I Viali
Mall of Tripla GLA:914 932 SF
ADDRESS: Veturitie 13
Finland . Helsinki
Mall of Tripla

Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by administrator.


Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by administrator.

Sign in
Sign in please, if you already have an account


Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please. Team
Thank you for message!
In the near future you will be contacted the manager
for further details. Team
Good mall, bro!
In the near future you will be contacted the manager
for further details. Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details. Team

Write to us