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Realia Offers Madrid Mall Stake For €50M

Realia has sold its stake in Madrid shopping centre La Vaguada.

Realia has sold its stake in Madrid shopping centre La Vaguada, PropertyEU reports. Department store chain El Corte Ingles has acquired the interest for €50 million.

Realia owned the stake through its Hermanos Revilla unit. El Corte Ingles occupies about 21% of the entire shopping centre.

Click here for the story from PropertyEU.

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