Redevco European Retail Parks Fund acquires WAY Retail Park in Seville, Spain
September 29, 2026 3 min read
Fund secures dominant retail park in Dos Hermanas, one of the fastest-growing catchments in the Seville metropolitan area
Sizeable retail park of nearly 50,000 sqm with a diversified tenant mix anchored by Leroy Merlin, Lefties, Decathlon and Kiabi
BREEAM Excellent certified asset with further sustainability enhancement opportunities, including expanded solar PV capacity
Madrid, 29 September, 2026 – Redevco, one of Europe’s largest privately owned real estate managers with assets under management of around €10.5 billion, has acquired WAY Retail Park in Dos Hermanas, Seville, Spain, on behalf of its Redevco European Retail Parks (RERP) fund. The acquisition further strengthens the fund’s presence in Spain and adds a retail park located within a strong catchment area in one of the country’s most dynamic growth markets.
Opened in 2020, WAY Retail Park comprises close to 50,000 sqm of gross lettable area and benefits from a diversified tenant mix anchored by leading national and international retailers including Leroy Merlin, Lefties, Decathlon and Kiabi. Built on a freehold basis and holding a BREEAM Excellent certification, the retail park has established itself as a leading retail destination serving the rapidly growing Dos Hermanas catchment area in the wider Seville metropolitan region.
WAY Retail Park is strategically located approximately 20 minutes from Seville city centre with direct access to the A-4 and N-4 highways. The asset benefits from a primary catchment of approximately 135,000 residents and has demonstrated strong operational performance, with footfall and tenant sales recording robust growth in recent years.
Israel Casanova, Investment Director at Redevco, commented: “WAY Retail Park is an excellent fit with the investment strategy of the Redevco European Retail Parks Fund. The asset combines a primary destination in a growing catchment, a high-quality tenant mix anchored by leading retailers and strong sustainability credentials. We see further opportunities to create value through active asset management while continuing to enhance the asset’s long-term resilience and sustainability performance.”
Redevco plans to build on the asset’s strong sustainability credentials through targeted initiatives, including the expansion of on-site solar PV generation. These measures are expected to further improve the property’s environmental performance and support its long-term resilience. The asset currently holds a BREEAM In-Use Excellent certification and offers significant potential for additional renewable energy generation.
The acquisition is in line with the RERP fund’s strategy of investing in dominant convenience-led retail parks across Europe, focused on resilient catchments, strong tenant covenants and active asset management opportunities. This transaction is the fifth for the RERP fund in Spain, making it one of the fund’s largest markets.
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This announcement is for information purposes only and does not constitute or form part of any offer to sell, or solicitation of an offer to buy, interests in Redevco European Retail Parks SCSp (the “fund”) or any other securities. Any investment may only be made on the basis of the relevant fund documentation and applicable legal and regulatory requirements. This announcement should not be relied upon in making any investment decision.
