AEW acquires two prime Spanish retail parks
AEW has acquired two dominant retail parks outside Madrid and Valencia in Spain from Lar España.
Rivas Futura is the largest prime retail park in the Madrid region, comprising 36,500 square meters (392,900 square feet) of space. The asset, which is rated BREEAM “Excellent,” was refurbished in 2021 and offers a strong lineup of 25 occupiers including Media Markt, Adidas, Puma, Maisons du Monde, Besson, Primaprix and Kiwoko.
Vistahermosa is a 33,800-square-meter (363,800-square-foot) urban retail park in Alicante, the second-most populated town in the Valencia area. The park is rated BREEAM “Very Good” and has an annual footfall of 7.3 meters, serving the entire Alicante metropolis due to its location between the Vistahermosa district and Playa de Juan. Vistahermosa has a strong leisure, entertainment and home offering and is anchored by Leroy Merlin, Alcampo and Media Markt, with 15 other occupiers including Maisons du Monde, KFC, Dreamfit and JYSK. The park