Panorama Shopping Center
The property has been passing 8% yield per annum and is currently manage by the equity owners.
The property is located in Parma, part of Emilia Romagna Region.
The Province is the 4th richest in Italy (per capita 30% above average.
It's located 3km to the south-west of the city centre.
The area is wealthy residential with good access to bus services.
Total 9,300 m2 gross rentable.
Single 18 years lease with Panorama for the entire shopping centre.
The lease will renewal automatically further 9-years.
Panorama operates 16 hypermarkets providing 100,000 m2 of GLA.
Panorama is part of Gruppo Pan, it has £70 million annual turnover.
Gruppo Pan has 10,700 employees and annual turnover of 2.2 Billion.
Parma, Italy
43100
A secure income retail shopping centre anchored by a Panorama hypermarket as single-tenant. It is built in 1990 over ground floor car parking with central ramped escalators providing good access to the main sales area on the first floor. It provides a well-finished retail mall comprising 19 shops facing the hypermarket, an Oviesse store overlooks the mall and 440 car parking lots.