Redevco enters Spain retail with Abadía Retail Park acquisition

European real estate investment manager Redevco has acquired Abadía Retail Park in Toledo, Spain, from HLRE Socimi. 

Abadia Retail Park, Toledo

This acquisition marks the first Spanish asset for the Redevco European Retail Parks (RERP) Fund, furthering its strategy to build a portfolio of high-quality, convenience-focused retail parks across the continent.
Abadía Retail Park is a dominant and easily accessible retail destination located 65 km south of Madrid, in Toledo. The property encompasses 43,100 m² of gross lettable area and boasts an impressive 99% occupancy rate. It is anchored by key retailers such as Auchan hypermarket, Decathlon, Leroy Merlin, and Media Markt. The park serves a strong catchment area of nearly 250,000 residents within a 15-minute drive and attracts approximately 9 million visitors annually.
Recognised as the largest retail park in the Castilla-La Mancha region, Abadía Retail Park also holds a BREEAM In-Use "Excellent" sustainability certification. Its regional importance is highlighted by high customer loyalty, extended visitor dwell times, and a diverse tenant mix that includes both essential retailers and leisure options. The park benefits from positive demographic trends and a growing population in its surrounding area, solidifying its position as a retail landmark in the region.
Israel Casanova, investment director Retail Parks at Redevco, commented: "This acquisition is a perfect match for the Redevco European Retail Parks Fund. Toledo’s retail park combines strategic location, strong tenant mix, and outstanding sustainability credentials, all of which align with our Fund’s focus on resilient income and long-term value creation. We’re excited to add this dominant Spanish asset to our growing portfolio and further strengthen our presence in key European markets."