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: Retail NEPI Rockcastle acquires MegaPark Barakaldo in Bilbao for €254M 17 August 2026 Hotels Homely Capital to develop boutique hotel in central Madrid 20 August 2026