Nuovo Borgo shopping centre, Asti located in northern Italy, opened in 2007 and comprises over 16,960 sq m GLA arranged over 2 levels, 48 units and 2,000 car parking spaces. The Centre is anchored by an Esselunga hypermarket (not included in the transaction) and benefits from a new gallery extension opened in April 2016. Key tenants include MediaWorld, OVS, Con Te, Piazza Italia, Bricocenter and Cisalfa.
Acting on behalf of TH Real Estate and Warburg-HIH, our Italy Retail Capital Markets team successfully completed the sale of the shopping centre to Barings on behalf of its pan-European core investment strategy.
Cushman & Wakefield was pleased to have represented TH Real Estate and Warburg-HIH in the disposal of the asset and assist Barings with its first Retail acquisition in Italy.