retail-shopping-centers Market News: Spanish Real Estate Intelligence

Investors spent 1.35 billion euros buying shopping centres and retail parks in 2020, 41.1% more than in 2019. In addition, six new shopping centres were opened and none were closed.

The Socimi has sold a portfolio of 22 supermarkets operated by Eroski, which have a combined leasable area of 28,000 m2, to the British fund.

The fund, which invests the French Castel family's capital in Spain and manages the Socimi Zambal, is negotiating the purchase of the Glóries office complex in Barcelona along with other operations.

The company will invest around 350 million euros to build an urban project spanning more than 168,000 m2, which will house retail, leisure, hotel, residential and office areas, amongst other services.

The Community of Madrid is planning to request funding for projects worth 22.5 billion euros from Moncloa, of which 442 million euros would be used to resume work on the paralysed 'Ciudad de la Justicia' project.

The German investment manager has closed an agreement with Barings to buy its commercial portfolio in Spain, which includes a dozen Carrefour super and hypermarkets, for 120 million euros.

The operation will see the firm take operational control of two pistes covered with natural snow and one artificial snow slope through a minimum 15-year lease.

The Spanish brand Spagnolo and the children's fashion brand Mayoral will open at La Torre Outlet Zaragoza on February 12 and February 15, respectively.

Prices have only risen in municipalities whose population is greater than one million inhabitants, such as Madrid (3,334,730) and Barcelona (1,664,182).

With this acquisition, the Galician company will add 22,000 square metres of land to its headquarters; until recently, the acquired plot was occupied by the American company Facet Filtration.