This piece of research comes from our list of the largest retail real estate investors active in Europe. All of the firms included in this article are based in Spain and can be found on our database. The database is comprised of institutional investors, investment managers, project developers, real estate companies, REITs, and pension funds.
This article will briefly introduce three Spanish retail real estate investors that are active in Spain and across Europe. The companies included in this research are some of the key players in the Spanish commercial real estate market and can be found on our database of the largest European retail real estate investors.
1) Veracruz Properties (Valencia, Spain)
Headquartered in the third largest Spanish city, Veracruz first entered the Spanish commercial real estate market with the acquisition of two shopping centres located in Gandia and Xativa. Currently, the group has a portfolio which is valued at €116m. Veracruz broke records when it became the first Valencian socimi listed on the stock exchange. Since its foundation, the firm has acquired two further shopping malls located in Parla, Madrid and Cordoba which total 18,00sqmt and 34,000sqmt respectively.
2) Merlin Properties (Madrid, Spain)
Merlin Properties is headquartered in the capital and are one of the country’s leading retail real estate investors. The firm collectively manages over 4m square metres of real estate which is spread across 120 office buildings, 63 logistics warehouses, 15 shopping centres and 4 data centres. The Madrid-based is listed on both the Spanish (IBEX-35) and Portuguese stock exchanges. Their shopping centres receive over 100m visitors annually and have over 1,500 tenants.
3) Temprano Capital (Madrid, Spain)
The Madrid-based real estate developer is active in several markets including residential, retail and logistics. Founded in 2013, Temprano has built a substantial portfolio which consists of three large retail assets located in Barcelona, Madrid and Zaragoza. All of the sites are larger than 20,000sqmt and located in some of the most densely populated areas of the country.
Picture source: Igor Karimov(01.05.2023)