Encore+ bought the portfolio in Madrid in a sale and leaseback deal. : Encore+, a fund jointly managed by Aviva Investors and LaSalle Investment Management, has acquired a portfolio of three retail assets in Spain. The €1.7bn open-ended continental European real estate fund said it bought the portfolio in Madrid, which comprises wholesale retail with additional office space, from Makro Autoservicio Mayorista in a sale and leaseback deal. The Paseo Imperial property was built in 2012 and provides over 3,000sqm of cash-and-carry on the ground and first floor with over 5,000sqm of office space across six upper floors, Encore+ said.