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Redevco boosts European Retail Parks Fund with three Spanish acquisitions

February 25, 2026 3 min read
  • Redevco accelerates its Iberian expansion with the near-simultaneous acquisition of three high-performing retail parks in Spain for the European Retail Parks Fund.
  • In just six months, the Fund has completed 11 acquisitions across multiple European markets, deploying approximately 50% of committed capital at pace, demonstrating strong early momentum and the ability to secure high‑quality retail park opportunities at pace.
  • New assets strengthen the Fund’s pan‑European portfolio, adding resilient, convenience‑led retail parks supported by strong catchments, dominant tenant mixes and long‑term value potential.

Madrid, February 25, 2026 – Redevco, one of Europe’s largest privately owned real estate investment managers, continues to expand its pan‑European retail parks strategy with the acquisition of three retail parks in Spain for the Redevco European Retail Parks (RERP) Fund. The assets, Ferrol Retail Park, Meixueiro Retail Park, and Cemar Retail Park, follow shortly after the Fund’s first Spanish transaction in Toledo in December 2025. This near-simultaneous expansion reflects strong early‑year momentum. It also reinforces Redevco’s commitment to building a pan-European portfolio of high‑quality, convenience‑led retail parks. The Fund focuses on assets supported by strong catchments, resilient tenant mixes and long term income potential across key European markets.

Israel Casanova, Investment Director Retail Parks at Redevco, commented: “These three acquisitions represent a significant acceleration of our Iberian growth strategy and underscore the strong momentum behind the Redevco European Retail Parks Fund. Reaching nearly 50% capital deployment within six months of launch reflects the depth of opportunities we are able to secure in this segment. With this latest expansion, we continue to strengthen our presence across key European markets and build a resilient retail parks portfolio designed for long‑term value creation.”

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Ferrol, Meixueiro and Cemar Retail Parks together represent a strong trio of high‑performing, convenience‑led assets across key regions in Spain. Ferrol Retail Park in La Coruña offers 28,200 sqm across 19 units and maintains exceptional resilience with long‑standing occupancy above 98%, supported by strong AP‑9 visibility and a 190,000‑person catchment. Meixueiro Retail Park in Vigo adds 17,737 sqm and holds a dominant market position as the city’s only retail park, benefitting from an A‑55 gateway location, excellent connectivity and two‑level direct parking. Further south, Cemar Retail Park in Huercál de Almería contributes 19,676 sqm of GLA with 97% occupancy, anchored by leading tenants such as Conforama, Decathlon and Aldi, and serves an extensive 530,000‑person catchment in a region marked by strong demographic momentum. Collectively, these assets reflect resilient performance, strategic positioning and strong long‑term income potential within the RERP portfolio.

Launched in October 2025 with €500 million in equity commitments from CBRE Investment Management acting on behalf of global institutional clients alongside Redevco co‑investment, the RERP Fund now holds assets across Belgium, Germany, Spain and the UK.