Encore+ makes triple Makro buy in Madrid

Makro Encore+

Aviva Investors and LaSalle Investment Management’s joint venture fund Encore+ has acquired a portfolio of three assets in Madrid on a sale-and-leaseback basis.

The €1.7bn open-ended continental European real estate fund said it bought the portfolio in Madrid, which comprises wholesale retail with additional office space, from cash-and-carry giants Makro Autoservicio Mayorista in an off-market deal.

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