M Core Spain Expands with Key Acquisition of Parque Guadalquivir
Deal News | Jan 21, 2025 | PR Newswire Cision M Core Spain
M Core Spain, in collaboration with BN Capital Partners, completed the acquisition of Parque Guadalquivir, a commercial park located in Córdoba from a private investor in December. This marks the fourth retail property acquisition for M Core Spain, following earlier purchases of Parque Quadernillos, Vista Alegre, and Vía Sabadell. Parque Guadalquivir, inaugurated in 2002, covers a leasable area of 14,538 m2 across 13 units and includes 641 parking spaces. It boasts a strong tenant lineup, featuring well-known names like Mercadona and Basic Fit. With nearly full occupancy, the property is a strategic addition to M Core Spain’s portfolio, reflecting their focus on resilient retail assets in Spain. The deal was legally advised by Eversheds for the buyer and by Savills and Pinsent Masons for the seller. M Core Spain now surpasses €100 million in assets under management in Spain. Christophe Le Corre from M Core Spain stated that this acquisition underscores the group's commitment to expanding its retail assets in Spain. M Core Group manages €6 billion in real estate assets across Europe, while BN Capital Partners was founded by veterans Stephen Newman and Simon Blaxland.
Sectors
- Real Estate
- Retail
- Private Equity
Geography
- Spain – The acquisition takes place in Spain, with several mentions of cities such as Córdoba, Alcalá de Henares, Zamora, and Barcelona.
- Europe – M Core Group’s broader operations span across Europe including the UK, France, Poland, Romania, Germany, and Spain.
Industry
- Real Estate – The article discusses the acquisition of a retail park, which is a significant asset in the real estate sector.
- Retail – The focus is on a commercial retail property with various retail tenants, thus involving the retail industry.
- Private Equity – Involvement of M Core Spain and BN Capital Partners signifies activities typical to private equity investments.
Financials
- >€100 million – M Core Spain’s assets under management in Spain have surpassed this amount following the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| M Core Spain | Buyer | Company | A private equity firm with significant real estate holdings across Europe, actively expanding its portfolio in Spain. |
| BN Capital Partners | Collaborator | Company | Investment company partnering with M Core Spain for the acquisition, founded by industry veterans Stephen Newman and Simon Blaxland. |
| Parque Guadalquivir | Target | Company | A retail park in Córdoba, offering a leasable area, parking, and a variety of retail tenants. |
| Eversheds | Legal Advisor (Buyer) | Company | Provided legal services to M Core Spain during the acquisition process. |
| Savills | Legal Advisor (Seller) | Company | Provided advisory services to the seller. |
| Pinsent Masons | Legal Advisor (Seller) | Company | Assisted the seller as legal advisor. |