According to data from Savills Aguirre Newman, Spain was the second-largest hotel investment market in the year to March, with investments of 400 million euros, behind only the United Kingdom, with 746.5 million euros.
Most of the stores that will close are located in Andalusia, Madrid and Catalonia, while the most affected brands are Oysho, Stradivarius and Zara Home.
Bankinter offered close to €1.2 billion, surpassing Brookfield’s bid, the other finalist in the race for the portfolio.
Between January and April, there were 738 transactions on the Spanish corporate market, a growth of 190%. The real estate sector was the most active, with 151 deals.