Pelayo Capital invests more than €90M in Spanish retail

Pelayo Capital invests more than €90M in Spanish retail

 

The information was given by Íñigo Veiga, the company’s CEO, to EjePrime, explaining that the group also intends to buy street stores during this year, namely in Madrid, Galicia and Asturias, for a minimum investment of 1 million euro.

The highlight should go to the Breogán Park project, on which the group will invest 60 million euro and which should be ready in 2021. The project concerns the demolition and conversion of a 45.000 sqm retail park with 2.500 parking spaces, which should meet the demand for this type of asset and accompany the maturity of shopping centres in Spain, according to the same source.

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