Redevco European retail parks fund strengthens presence in Spain

Redevco has acquired three retail parks in Spain for the Redevco European Retail Parks (RERP) fund: Ferrol Retail Park, Meixueiro Retail Park, and Cemar Retail Park. This follows the fund’s first Spanish investment in Toledo in December 2025.

The three retail parks form a strong portfolio in key Spanish markets:

Ferrol Retail Park in La Coruña spans 28,200 sq.m. across 19 stores, maintaining consistently high occupancy above 98%, serving approximately 190,000 residents.

Meixueiro Retail Park in Vigo adds 17,737 sq.m. and holds a dominant position as the city’s only retail park, offering easy access and ample parking.

Cemar Retail Park in Huercál de Almería covers 19,676 sq.m., with 97% occupancy, hosting well-known chains such as Conforama, Decathlon, and Aldi, serving a broader catchment of roughly 530,000 residents.

Overall, these assets are characterized by stable performance, prime locations, and significant long-term income potential.

The RERP Fund was launched in October 2025 with €500 million in committed capital from CBRE Investment Management on behalf of international institutional investors, alongside a co-investment by Redevco.

According to Israel Casanova, Investment Director for Retail Parks, nearly 50% of the fund’s capital had been deployed within six months of launch, highlighting the substantial opportunities in the European modern retail park market.

Today, the fund’s portfolio includes assets in Belgium, Germany, Spain, and the United Kingdom.