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Investment in Shopping Centres Grew by 41% to €1.35 Billion in 2020, Despite Covid

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.

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The retail sector is going through a difficult time due to severe capacity and opening hour restrictions, as well as the temporary closures as a result of the pandemic. However, the volume of shopping centre and retail park purchases in 2020 exceeded those executed a year earlier.

In this way, investors spent 1.35 billion euros on the purchase of eleven shopping centres and retail parks last year, which represents an increase of 41.1% compared to 2019, when the figure stood at 957 million euros, according to annual data compiled by the Spanish Association of Shopping Centres and Retail Parks (AECC).

Read the full article in Spanish.

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