The company will reinforce its commitment to the UK market, particularly in London, through a new operational vehicle that already has a potential pipeline and accepted LOIs totaling €81 million (£70 million).
Since March 2024, MAZABI has added nearly 16,000 sqm to its portfolio, comprising mixed-use assets (office, residential, and retail) in strategic London locations such as Farringdon, The City, and Tower London.
The joint venture between Myjoja and Mazabi acquires additional land for €8.2 million in the Los Berrocales and Valdecarros developments, southeast of the capital.
This marks the completion of 40% of the committed investment of its second vehicle, which aims to invest in land under management located in Spain’s most promising urban transformation areas.
The company is also exploring new investment opportunities in cities or areas such as Navalcarnero or Valgrande (Madrid region) and Málaga.
In this second investment phase, the company has already completed the purchase of a new plot of land in the Los Berrocales development for 8.3 million euros.
The first fund closed in less than a year and a half with the acquisition of 630,000 square meters in some of the main urban developments in the Madrid region.
The joint venture between Myjoja (former founders of Aelca) and Mazabi acquires four plots in Los Berrocales and Valdecarros, Madrid, for 16.5 million euros.
This first vehicle has invested a total of 40 million euros in the purchase of 630,000 square meters of land in four new developments in Madrid.
Virginia Guisado, with 20 years of experience in Real Estate, will lead the Management and Commercialization of properties for sale and rental of all types.
Elena Carrasco brings over 15 years of experience to the Group and joins MAZABI as the Head of Management Control and Reporting.
This space, which already has three operational buildings where three brands have been operating since 2019 without needing a commercial license, will be fully operational by the end of the first half of 2024.
The Park stands out for its strategic location in the municipality of Olaz, on the outskirts of Pamplona, and because it will host up to a maximum of 15 operators including decoration stores, pet shops, supermarkets, bazaars, entertainment venues, etc.
This is the second commercial park promoted by Atalaya Superficies Comerciales, an investment company of the Mazabi Group specialized in the development of shopping centres and commercial parks.
