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Retail investment in Spain rises to €200M
20 May 2019 | Observatorio Inmobiliario

Investment in retail spaces in Spain reached around 200 million euro, according to real estate consultant Knight Frank’s Snapshot Retail concerning this year’s first quarter.

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47% of this amount corresponds to shopping centres, 30% to supermarket operations and 23% to high street investments. 

During this quarter, the prime yield on this type of real estate in Spain remained stable and in line with more recent periods, although with little increases in business parks, where it reached 5.5%, and shopping centres, where it reached 4.5%. The high street prime yield remained at 3%.

Shopping centres keep attracting investors’ interest and were responsible for the majority of retail operations registered during this period, among which are the purchase of Las Terrazas in Gran Canaria by Tomás Olivo’s REIT.

«The current retail market in Spain keeps performing well when compared to other European markets», points out Elaine Beachill, director of Retail Capital Markets & Flagships at Knight Frank.

For the remaining of the year, it is expected for other large shopping centres to open their doors, such as the 90.000 sqm Open Sky in the Madrid municipality of Torrejón de Ardoz, and the X-Madrid, in the municipality of Alcorcón, which will have 40.000 sqm fully dedicated to sports and adventure.