< 111 Buckingham Palace Road Baggot Plaza >
Moraleja Green shopping centre
Alcobendas, Madrid, Spain - Retail
- KWE acquired Moraleja Green shopping centre in December 2015.
- The asset is one of the most affluent shopping destinations in northern Madrid and is home to over 80 retailers, cafes, bars and restaurants, including both high street and luxury brands such as the key commercial Inditex Group retailers, H&M, Michael Kors, Carolina Herrera and an 8-screen CINESA cinema.
- The centre has suffered from under-investment and falling occupancy in recent years. We plan to implement a capital investment programme to upgrade the physical appearance of the centre to drive occupancy by improving the retail as well as the food and beverage offering, with the aim of laying the foundations for future rental growth over the medium term.
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