Skip to main content Skip to footer

From desk to rest

Colliers International has advised the Valencian family business Family Cash, led by José and Carles Canet, on the sale of a portfolio of 7 hypermarkets located in the regions of Valencia and Murcia, to a pan european investment fund.

 

The assets are located in the municipalities of Xátiva, Ontinyent, Gandía, Museros (Valencia), Vinaroz (Castellón), Alcoy (Alicante) and Molina de Segura (Murcia) and have a total GLA of 54,300 sqm and about 3,150 car spaces. Currently all of them are open to the public.

 

“The transaction, in which we have acted as financial and real estate advisors to the seller, has been structured under the Sale & Leaseback scheme in which Family Cash will remain as the lessee for a period of 30 years. We are particularly satisfied with the closing of deal, bearing in mind the complexity of the current circumstances, those of the transaction itself and the number of the involved assets. It is a process that we have started and concluded in only three months.”Rafael Paz says, Director of Colliers Valencia and responsible of this transaction.

 

Jose Canet, Managing Director of Family Cash, points out that “with this significant injection of resources the group will consolidate the opening of 8 stores in 2020, which will create 680 jobs generating an estimated turnover of about 300 million euros, and another 8 stores in 2021, which will employ another 700 workers."

 

“Once again the business network of Mediterranean Arc shows its enterprising capacity and the institutional funds bear it in mind in their investment plans. The geographical capillarity of Colliers allows us to be close to our client through the offices such as the one in Valencia and advise on the financial transactions beyond the real estate markets of Madrid and Barcelona- Germán Fernández concludes, Managing Director of Colliers Barcelona.

 

-- End –

 

About Colliers International Spain

In Spain, Colliers International is synonymous with real estate and hotel sector specialisation and knowledge.

It offers advice in: Corporate Finance; Capital Markets; Hotels; Residential Sales Advisory; Valuation & Consulting; and REMS & Technical Services. These services are provided with the client proximity of a local firm and the capabilities of a global leader, through a network that extends across 68 countries.

 

Our clients are national and international investment funds, REITs, financial institutions, large corporations, hotel operators and real estate development and investment companies that value our knowledge, experience, reliability and commitment.

 

About Colliers International


Colliers International (NASDAQ, TSX: CIGI) is a leading real estate professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors.

For more than 25 years, our experienced leadership, owning approximately 40% of our equity, has delivered compound annual investment returns of almost 20% for shareholders. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment..

Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers and LinkedIn.

 


Related Experts

Rafael Paz

Director | Valencia Office

Valencia

Rafael has more than 18 years experience in real estate and 12 in the Spanish market. Starting in Colliers International he has developed his career in top market players  such as CBRE and BNP Paribas Real Estate.

He is Director of the Valencia office in Spain, oversees and develops the company’s business in the Valencian Community. Has wide experience in investment transactions, sale & leasebacks, retail, office and logistics letting and sales, consultancy and valuation for international and local clients.

.

View expert

German Fernandez

Managing Director

Barcelona

Germán Fernández is the Managing Director in Colliers International Barcelona’s office. With more than 20 years of experience in the Real Estate sector, Germán has deep expertise in Commercial, Strategic and Financial area.

Previously, he was in charge of the Real Estate advisory company Niöra Real Estate, as the Managing Director, since 2018 when Niöra joined Colliers International.

He also occupied several top senior positions in Real Estate developing firms as Jujosa Constructora, Reyal Urbis, Altamira Real Estate (Banco Santander) o Altamira Asset Management (Grupo Apollo Santander), where he was in charge of the Catalonian and Balearic Island zone, managing a 1,599M€ portfolio.

View expert

Alejandra Folgado

Marketing & Communications Director

Madrid

As Marketing and Communications Director Alejandra is responsible for building a marketing and Comm. strategy that grows brand awareness; drives lead generation and works across business lines to support Colliers International in Spain  achieve its growth and customer acquisition goals.

She began her career at Atlas Capital Close Brothers in 2001 and joined to irea in 2006, where she was Knowledge & Organization Manager for almost 4 years. After a 5 years  of professional and personal experience in Italy, she returns to irea as Marketing & Communications Manager.

From January 2015 she has been Head of Marketing and Communications at irea until March 2018, when the spanish firm integrates in Colliers International.

Alejandra studied at Carlos III University (Madrid)  where she has a bachelor degree in Information Sciences. She holds an International Marketing and Communications Master from Polimoda Business School (Italy).

She has worked in Marketing and PR across various industries including Financing, Real Estate, Fashion and Hospitality. Alejandra  also has experience in managing and coordinating  events including conference, congress and trade fairs.

View expert