- The shopping center has been acquired by Inversiones y Promociones GL 2023, S.L. (a company 50% owned by López Real Inversiones and Guillem Capital).
- La Farga has 18,000 m² of GLA and key tenants such as Caprabo, Cinesa, Lefties, Basic Fit, Mango, Deichmann, Druni, and Burger King.
- Located in the second most populous municipality in Catalonia, it is an asset with high growth potential.
Cushman & Wakefield has advised a private investor on the sale of the La Farga Shopping Center, located on Josep Tarradellas Avenue in L’Hospitalet de Llobregat. The buyer is Inversiones y Promociones GL 2023, S.L., an investment group specialized in the acquisition and management of retail assets in Spain, 50% owned by LRI and Guillem Capital—companies focused on the development, promotion, and management of retail parks and shopping centers.
With this transaction, Inversiones y Promociones GL 2023, S.L. strengthens its presence in the retail segment and adds a strategic asset to its portfolio. The company is currently developing the EntreNasas Retail Park in the town of Dos Hermanas, Seville, with over 23,000 m² of GLA, 95% of which is already leased, on a 45,000 m² plot. The opening is scheduled for September of this year.
La Farga Shopping Center offers a Gross Leasable Area (GLA) of 18,000 m² and hosts a strong mix of retail and leisure options, with key tenants such as Caprabo, Cinesa, Lefties, Basic Fit, Mango, Deichmann, Druni, and Burger King. Its strategic location in the heart of L’Hospitalet de Llobregat—the second most populous municipality in Catalonia—makes it a highly valuable retail asset with significant growth potential.
Due to its size and location, La Farga is one of the most prominent shopping centers in the area, attracting a large number of visitors and offering a diversified retail and leisure experience. The presence of well-known brands, along with a combination of entertainment and dining services, enhances its appeal and strengthens customer loyalty.
“The sale of La Farga demonstrates the strong interest currently present in the Spanish shopping center market, as well as the depth and diversity of capital attracted to this segment. Overall, retail sector indicators remain solid, and there is still room for growth and value creation, which is why this sector continues to generate such strong interest among investors,” said Yola Camacho, Partner, Retail Capital Markets Spain at Cushman & Wakefield.
Meanwhile, Miguel Ángel Álvarez (CEO of LRI) stated:“We are excited about the acquisition of the La Farga Shopping Center, as it is an asset that has historically performed well—since its opening in 1996—with many of its original tenants still in place. Following the complete refurbishment of its facilities in 2022, it has taken off with a strong increase in sales during 2023–2024 (many of the center’s tenants have seen double-digit growth), and we believe it still holds great growth potential. Its central location in L’Hospitalet de Llobregat and its more than 4.6 million annual visits are also highly significant.”
Cushman & Wakefield led the sale process, working alongside Amalthea Retail Investments and Eversheds on behalf of the seller, and Garrigues (Javier Romero-Girón and team), Opinia, Cabeza y Sastre, and the consultancy LyC on behalf of the buyer.
