US EditionBarry Stuhler’s Lighthouse buys $159 million mall in Spain
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Barry Stuhler’s Lighthouse buys $159 million mall in Spain
Key PointsLighthouse acquired Espacio Mediterráneo in Cartagena for €135.4 million ($159.2 million), boosting its Iberian exposure to 86% and owning dominant retail centers.The mall spans nearly 37,000 square meters with tenants like Zara, Primark, and JD Sports, and is expected to yield a 7% gross return annually. The acquisition, financed partly through a €61.3 million ($71.91 million) Aareal Bank facility, is projected to deliver $15.86 milli…
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