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Sambil should invest more than €50M in the Spanish retail sector
08 April 2019 | Vanessa Sousa

Venezuelan Sambil is looking for new investment opportunities in Spain. In retail assets’ purchases alone, the company plans to invest 50 million euro. And it should invest even more, maybe twice as much, in case the purchased buildings need rehabilitation.

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Sambil’s director for Spain Arnol Moreno explains why the company decided to invest in this sector to newspaper elEconomista. «It is clear for us that we want to invest in outlets and that is the type of assets we are looking for as well as others which we can transform, as was the case of the M40 in Madrid», the Sambil Outlet shopping centre, which opened its doors two years ago. This was the company’s first project in Spain, which quickly became a success. In 2018 alone, it reached 48 million euro in sales.

The possibility of Sambil creating a partnership with other companies operating in the sector is on the table, reveals Arnol Moreno to the same newspaper. This cooperation strategy is aimed at the company’s sustained growth as well as benefiting the business side.

For the future, Sambil doesn’t exclude the possibility of investing on the Madrid luxury housing market once more and debuting on the Spanish hotel market.