Inditex takes a step back on property

Publication

18 January 2018 à 15h32

Updated on 10 May 2019 à 17h23

Reading time

2 minutes

Publication: 18 January 2018 à 15h32, Updated on 10 May 2019 à 17h23

Reading time: 2 minutes

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Publication

18 January 2018 à 15h32

Updated on 10 May 2019 à 17h23

Reading time

2 minutes

Publication: 18 January 2018 à 15h32, Updated on 10 May 2019 à 17h23

Reading time: 2 minutes

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Eager to increase financial abilities, the world’s biggest fashion Group Inditex has negotiated a sale and leaseback agreement for 16 fully-owned stores in Spain and in Portugal, via a 20-year sale-and-leaseback agreement. Inditex is seeking €400 million via the sale of those 14 stores in Spain and 2 in Portugal, including the upmarket locations of Calle Preciados in Madrid where rents climbed to €3,180/ sq.m GLA in the end of June 2017 and the Pelayo store (Carrer Pelai) in Barcelona where ren

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