CUENCA, SPAIN-SEB ImmoInvest, the German open-ended property fund, has moved into the Spanish property market for the first time with the €35 million ($35 million) purchase of the 180,000-sf El Mirador shopping centre in Cuenca.

The El Mirador shopping centre is being developed by Spanish developer Promodeico, and is due to open on 25 November 2002. Its catchment extends for about 100 miles around Cuenca, which is half way between Valencia and Madrid, in the Spanish region of Castilla-La Mancha.

El Mirador offers is already around 94% pre-let to retailers including Burger King, Pimkie, Benetton, Casa and Vodaphone. It is anchored by a 90,000-sf Eroski supermarket, with a cinema and restaurant area on the upper level.

Cushman & Wakefield Healey & Baker advised the fund manager SEB Immobilien-Investment.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.