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International Funds Opt for Retail Parks as a Safe-Haven Segment

Spain is attracting investors who are flooding the retail park business in Europe, with five new projects already in progress.

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The impact of the pandemic crisis on consumption and leisure habits has increased the profile of sectors such as logistics and retail parks. Previously, they were overlooked either because of the greater risk associated with the assets compared to the profitability they offered, or simply because of their lower visibility and image. Today, they seem to be countercyclical to the pandemic and so are now being called resilient.

In Spain, retail parks with surface areas of more than 10,000 m2 span a combined GLA (gross leasable area) of almost 3 million square metres, according to the Transparency in Retail Parks report published by the consultancy Cushman & Wakefield. 43% of that surface area corresponds to medium-sized retail parks. Now, 8 brand new retail park projects are going to be unveiled between 2020 and 2021, testament to the interest that these assets are receiving from both international and domestic investors.

Read the full article in Spanish.

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