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Case Study

Buonvento Shopping Centre

Acting on behalf of AXA’s UK fund, “European Added Value Fund” (EAVF), the Italian Retail Capital Markets team has successfully completed the acquisition of Buonvento Shopping Centre. The Vendor, a local developer, sold the entire centre.

The shopping centre opened at the end of 2005 and is situated in Benevento, in the Campania region. The centre comprises a total GLA of circa 17,500m² including a shopping gallery of 49 units and a Leclerc Hypermarket.

The centre will be subject to further future developments and extensions plus a series of different asset management activities such as the addition of Mediamarket unit as part of the hypermarket area.

 

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