LOCATIONVia Lario, 17, Monza, Italy
DATE ACQUIREDMay 2019
TOTAL GLA28,252 Sqm
MASTER LEASEAuchan and Ceetrus
The Shopping Centre is a two-story hypermarket-anchored mall located west of Monza city center. It was opened in 2008 and covers a total GLA of 28,252 sqm with 70 units over two floors. The asset is let to 2 tenants under two sperate master leases with:
- Auchan S.p.A for the hypermarket (Sqm 14k). In mid May 2019, Auchan announced its intention to sell almost all its retail activities in Italy to Conad.
- Ceetrus for the shopping gallery (Sqm 14k), which is sub-let to c. 70 tenants. Ceetrus, is a sister company of Auchan that owns / manages 48 shopping centers and 6 retail parks in Italy.