The circa 1.85 million sqm of retail space in retail parks now accounts for 12.5% of the retail market.
Developer activity in this segment continues to grow. Among the new developments in the pipeline for the next 36 months, retail parks comprise 26% of retail complexes and account for 15% of GLA.
National developers continueto dominate the market, althoughSOCIMIs (Spanish equivalent ofREITs) are now entering the product development stage.
Source : Savills