Spain: Real estate investment in retail reaches 945 million euros

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

The year is expected to close with just under 2,000 million euros of investment, far from the business generated in previous years.

Retail investment has rebounded in the third quarter of this year. During the third quarter, real estate investment in retail in Spain amounted to nearly 400 million euros, which allows to reach 945 million in the total of the year, according to a study published by Knight Frank.

In this sense, the forecast is that, if the sales of Intu Asturias and Intu Puerto Venecia are closed, the turnover generated reaches 2,000 million euros, well below the more than 3,500 million invested in 2018 and about 4,000 millions of 2017.

By segments, shopping centers accounted for 58% of operations closed in the first nine months of the year. On the other hand, high street reached 43% of total operations, but only 22% of the investment volume.

The director of retail capital markets & flagships of the consultancy, Elaine Beachill said:

"The good health of retail in the Spanish market. The dynamization of certain formats aimed at leisure, super prime stores or Flagships are good proof of these results."

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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