The green senior loan has been provided by Aareal Bank, which acted as lender, arranger and agent.
The refinancing strengthens NEINVER’s capital structure and supports its long-term strategy of actively managing a high-quality retail portfolio while further advancing its sustainable financing framework.
“This refinancing marks an important step in supporting our strategy for two high-quality assets in Spain. It reflects our commitment to disciplined portfolio management and sustainable financing, while also highlighting the strength of the business plan behind these properties and the confidence our lenders place in us. We are pleased to have completed this transaction with Aareal Bank, whose support further underlines the quality and resilience of these assets.”
Daniel Losantos, CEO of NEINVER
Alegra Retail & Leisure Park is one of the leading retail and leisure destinations in the north of the Community of Madrid. The asset comprises 33,500 sqm of gross leasable area (GLA) across 19 retail units, with a diversified mix that includes big-box outlet space, a grocery anchor, restaurants and a gym of more than 3,000 sqm. The scheme also features a strong leisure offer, including Micropolix, an educational entertainment center for children. The asset holds a BREEAM Very Good certification in part 1 and BREEAM Excellent for part 2.
Coruña The Style Outlets, located in Galicia, is a fashion-focused outlet center offering 12,800 sqm of GLA and a broad tenant mix designed to deliver a strong value proposition to consumers. The asset holds a BREEAM Excellent certification in part 1 and 2.
The transaction involved JLL as adviser to NEINVER and Cuatrecasas as legal adviser to Aareal Bank.
Across Europe, NEINVER’s 16 outlet centers and 4 retail and leisure parks continued to register growth in 2025, with sales rising 5% above the previous record year and extending the positive trend seen in recent years.
