Lighthouse Properties and Resilient REIT completed the acquisition of “Salera”

This acquisition is a notable transaction in the Spanish market, marking a significant uptick in shopping center transactions post-Covid. Opened in 2005, Salera boasts a Gross Leasable Area of 68,752 sq. m., housing 146 stores featuring renowned fashion and sports brands, cinemas, a bowling alley, and an array of restaurants. The shopping center’s key highlights include a separately owned Alcampo Hypermarket.

The private sale and purchase agreement, secured on December 21, 2023, culminated in the completion of the transaction on January 31, 2024. Through a joint venture, both investors have assumed control over Salera, underlining their commitment to the Spanish retail property market.