As part of its ongoing portfolio optimization, Deka Immobilien has successfully completed a sale transaction in the center of Valencia, the capital of the autonomous Valencian Community and the province of Valencia, from the portfolio of the open-ended real estate fund WestInvest InterSelect. The partial ownership of the commercial property "Calle Colón 11" – from the basement to the first floor – was sold for €29.75 million. The buyer is Mutualidad de la Abogacía, a non-profit insurance company for lawyers and engineers in Spain.
The globally renowned fashion chain Zara has long used the premises, which offer approximately 1,790 square meters of rental space. The building, revitalized in 2024, is distinguished by its prime corner location. It is situated in an excellent downtown location on the famous “Calle de Colón,” one of the city’s major shopping streets and a central commercial and business district.
Calle de Colón stretches from Plaza de los Fueros (also known as Plaza del Ayuntamiento) to Plaza de la Reina, making it a major thoroughfare and a popular destination for shoppers and locals. The street is known for its diverse range of stores, including renowned fashion chains, luxury brands, cafés, and restaurants. The architecture along Calle de Colón features a blend of historic buildings and modern commercial structures, giving the street a mix of traditional and contemporary charm. The infrastructure is optimal, with the main train station only about 350 meters away on foot, very good access to public transport and the airport reachable within 15 minutes by taxi.
The transaction was advised by real estate consultancy Savills, with legal counsel provided by Cuatrecasas and Verificación Documental.
Deka Immobilien boasts a comprehensive international portfolio with numerous top properties, thanks to our deep local market expertise at each property location.
Victor StoltenburgManaging Director, Acquisitions and Sales
