Temprano Temprano Capital Partners has made its first acquisition in Spain, buying the retail zone of “Parque Commercial Los Cuadernillos”. Temprano, which partnered with two private family offices in making this investment, plans to invest in and reposition the asset. Parque Commercial Cuadernillos is a retail and leisure complex of circa. 30,000 sqm located some 30 km to the East of Madrid in the municipality of Alcalá de Henares.
It is anchored by Brico Depot and an owner‐occupied 19 screen La Dehesa Cinema. It is adjacent to both the A2 motorway and ‘Alcalá de Henares Universidad’ train station. Subsequent to the purchase, Temprano de‐risked the investment through securing a new 10 year lease with Brico Depot, and securing debt financing for the transaction.