Whilst Rodamco Europe (and its partner) tendered in the auction, the whole scheme (mall and hypermarket) was eventually acquired by another party. Their future intentions for the ownership of the mall are still to be decided, but consequently, Rodamco Europe has decided to remove Azul Talavera from its committed pipeline project list. At the same time, all expenses and capital invested over the period have been recovered by Rodamco Europe.
Rodamco Europe in Spain has 12 shopping centers in its portfolio and the total investment portfolio is valued around € 1 bn of which 89% is in the retail sector.
