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

The Dia distribution group "will communicate in due course the final price of the transaction, as well as the destination of the funds received."

"The correction in asset valuations was especially pronounced during the second half of the year," according to Fernando Fuente, from CBRE.

The shopping centres operated by the multinational Neinver around the world registered 63 million visits and an occupancy rate of 96.5% in 2022.

Lar España's total income rose to 83.6 million euros in 2022, up by almost 6% YoY.

Footfall in shopping centres and retail parks rose by 12.3% compared to 2021, but the figures have not yet returned to their pre-pandemic levels.

The promoter Metrovacesa has begun the commercialisation of the Molí Mistral project, in the Valencian municipality of Quart de Poblet.

The portfolio of assets managed by Sonae Sierra in Spain has an occupancy rate of more than 98%.

The Quadernillos shopping centre, in Alcalá de Henares, had been owned by an English family office and a Qatari investor since 2013.

During the last quarter of the year, prime yields in the retail sector increased by 40 bp for shopping centres and by 25 bp for High Street premises, according to CBRE.

Maremagnum has started a new remodelling project that will house a gastronomic and cultural market on the terrace of the property.