AEW has acquired two dominant retail parks outside Madrid and Valencia in Spain from Lar Espana.
Rivas Futura is the largest prime retail park in the Madrid region, comprising 36,500 square metres of space. The asset, which is rated BREEAM ‘Excellent’, was refurbished in 2021 and offers 25 occupiers including Media Markt, Adidas, Puma, Maisons du Monde, Besson, Primaprix and Kiwoko.
Rivas Futura is situated along the A3 motorway connecting Madrid to Valencia, with the area having established itself as a residential district. The asset is well connected to Madrid city centre as well as the eastern suburbs via the Metro and various bus lines.
Vistahermosa is a 33,800 square metres urban retail park in Alicante. The park is rated BREEAM ‘Very Good’, and is located between the Vistahermosa district and Playa de Juan. Vistahermosa has a leisure, entertainment and home offering and is anchored by Leroy Merlin, Alcampo, and Media Markt with 15 other occupiers including Maisons du Monde, KFC, Dreamfit, and JYSK. The park is easily accessible by road networks to a wide catchment area along the tourist coast.
Source: Europe-re.com on the 31st of July 2023
https://europe-re.com/aew-acquires-two-major-retail-parks-from-lar-espana-es/71954