International investors pour into Spanish retail
Maybe it’s just a good time to holiday in the Mediterranean, but foreign capital has been pouring into Spanish retail property. According to Real Capital Analytics, Spain’s retail market had more than €1.4 billion in retail property transaction volume in 2013, a 106 percent increase compared with 2012.
Cross-border investors accounted for 70 percent of the transactions in Spain, significantly higher than the European average of 48 percent. Some of the big foreign investors in Spain include Deka Immobilien, Canada Pension Plan Investment Board and UBS Real Estate. “It’s a sign of how far Spain has