Iberian Property > News > Retail Ares acquires Castellana Properties' retail parks in Spain for €279M Since its acquisition in 2017, Castellana Properties has successfully developed the portfolio, increasing the Net Operating Income (NOI) by 26%. Alexandre Lima | 28/01/2026 Parque Oeste - retail park located in Madrid. Image by: Castellana Properties Exclusive Content NOT A SUBSCRIBER YET? SUBSCRIBE HERE >> Already a subscriber? LOGIN HERE >> Related news: Offices Árima finalises the lease of 13,000 sqm of office space to ICEX in Madrid 17 February 2026 Retail Pelayo Capital acquires a commercial asset in A Coruña from Inditex 19 February 2026