Castellana Properties Socimi, S.A. (BME:YCPS) reached an agreement to acquire Los Arcos and Bahía Sur shopping centers in Spain from El Corte Inglés, S.A., for €37.9 million on May 27, 2019. the Bahía Sur and Los Arcos buildings that are already owned by the Company, acquired for €20,072 and €17,784 thousand respectively including acquisition cost. The staff of both establishments, composed of 378 employees, will be assured a job in one of the centers of the chain located in their respective provinces. Both the Bahía Sur El Corte Inglés store and the Los Arcos Hipercor store will remain active until the September 30, 2019, when Castellana Properties will take charge of both properties. The majority of the proceeds from the transaction will be used to reduce the debt of El Corte Inglés, S.A. Ismael Fernández Antón, Javier Hernández Galante, Joaquín Macías, Paula Quintillán, Laura Sánchez, Carmen García, Ricardo García-Borregón and Juan de la Lastra of Ashurst Spain acted as legal advisor to Castellana Properties Socimi, S.A.