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Acciona buys shopping centre in Barcelona

Grupo Lar, Grosvenor and Acciona Real Estate have reached an agreement by which Acciona Real Estate will take over 100% of the Cornellà-El Prat Shopping Centre, which is currently under construction and is due to open at the end of 2009, approximately 15 months after the opening of the Real Club Deportivo Espanyol de Barcelona football stadium.

Acciona is one of Spain's largest companies and operates in over twenty countries on the five continents in the fields of transportation, renewable energy, water, urban and environmental services, construction, home building, hospital management and other activities. Acciona Real Estate operates in two business areas: Residential and Rental.

Grupo Lar is an international real estate company and one of Spain's leading specialists in real estate development, investment and management.

Grosvenor is a privately-owned international group specialising in property development and investment.



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