Irish Life Investment Managers (ILIM) and ABERDEEN Investments have acquired Nexum Retail Park in Fuenlabrada, Madrid from EQUILIS in a deal advised by Savills. The acquisition, details of which remain undisclosed, marks a significant move within Spain's evolving retail sector, enhancing ABERDEEN's portfolio and supporting ILIM’s pan-European real estate strategy.
Nexum Retail Park, with a Gross Leasable Area (GLA) of 23,000 m², is home to various retail and leisure operators, including well-known brands like Supeco, Media Markt, Kiwoko, and McDonald's. The park attracts approximately two million visitors annually, benefiting from its prime location in one of the most densely populated areas in the Madrid metropolitan region.
“We are delighted with the acquisition of Nexum, which is an excellent fit for ILIM’s pan-European real estate strategy. We are actively looking to deploy more capital across sectors and key gateway cities in Europe,” said Paul Baragwanath, Senior Fund Manager at ILIM.
A standout feature of the park is its commitment to sustainability. Nexum houses Spain’s largest solar community, with 1,350 solar panels generating renewable energy for up to 1,100 nearby homes. Additionally, the park offers 26 electric vehicle stations and has earned a BREEAM 'Very Good' certification, demonstrating its focus on eco-friendly building practices.
“We are proud to highlight the retail park’s strong ESG components, including its BREEAM ‘Very Good’ certification, reflecting our commitment to sustainability and responsible development,” commented Etienne Allepuz, Transaction Manager at ABERDEEN.
For EQUILIS, the sale of Nexum follows the success of its Finestrelles Shopping Centre in Barcelona. The transaction aligns with the company’s strategy of creating sustainable, high-value retail destinations across Europe. “Nexum is a forward-thinking retail park, and we are delighted that ABERDEEN recognises its long-term potential,” said Xavier Pierlet, Chief Investment Officer at EQUILIS.
This transaction, advised by Savills, marks a key milestone as ABERDEEN strengthens its presence in the Spanish market, focusing on innovative, sustainable assets, while EQUILIS continues its expansion with new developments across Europe.
Get the latest real estate news and investment insights from Europe Real Estate - your trusted source since 1999.
To receive daily or weekly updates. Sign up here!
