CaixaBank CIB provides €45m for Sonae Sierra's Plaza Mayor

CaixaBank Corporate & Investment Banking (CIB) participated in a pre-investment Club Deal to finance Plaza Mayor Shopping and Sierra Spain Málaga Holdings, both managed by Sonae Sierra.

Plaza Mayor, Malaga

The financing package totals €122 mln, secured by a mortgage, with CaixaBank CIB contributing €45 mln of that amount.

The asset linked to this transaction is the Plaza Mayor Shopping Center in Málaga. Opened in 2002, this retail and leisure destination is a leading attraction in the region, boasting a gross leasable area of 46,200 m² and currently operating at 100% occupancy.

This deal enables the operator to renegotiate existing bank financing, cover related expenses, and fulfil other corporate requirements, including providing additional liquidity to the borrowers.