The opening of retail parks will reach an area of 180,000 sqm in Spain during the current year, according to the international real estate consultancy Cushman & Wakefield. This figure is almost five times the 38,000 sqm registered in 2017, year in which the annual increase was 85%. In the last twelve months, the volume of investment in the segment has reached 650 million euros, with a prime return of 5%.
The Vidanova Parc project, in Sagunto (Valencian Community), is the largest opening planned for this year, with a gross leasable area (GLA) of 45,000 m2, followed by the Torrevillage commercial park (Zaragoza, Aragón), with 35,000 m2, and for the space Jaén Plaza (Jaén, Andalusia), with 29,000 m2.
Source: Cushman & Wakefield