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credit: Salera
credit: Salera

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

South African listed real estate companies, Lighthouse Properties and Resilient REIT, have successfully completed the acquisition of the Castellón shopping centre “Salera” from DWS. The total purchase price for this strategic asset deal amounted to 171 million euros.

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.