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Investment in Shopping Centres Fell by 56.5% in 2019 to €957M

Centro comercial Lagoh Sevilla Lar España Socimi 1024x576 2
Lagoh shopping centre in Sevilla, owned by Lar España.

Investors invested €957 million in the purchase of shopping centres and retail parks during 2019, down by 56.5% compared to 2018, when the figure amounted to €2.2 billion, according to the AECC’s (Spanish Association of Shopping Centres and Retail Parks) annual report.

At the end of the last year, the Spanish market comprised 568 shopping centres and 16.4 million square metres of net leasable space. It is estimated that those properties house around 36,000 shops in total, of which 85% are small and medium-sized companies, with surface areas of less than 300 square metres.

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