This near- simultaneous expansion reflects strong early-year momentum. It also reinforces Redevco’s commitment to building a pan-European portfolio of high-quality, convenience-led retail parks. The Fund focuses on assets supported by strong catchments, resilient tenant mixes and long term income potential across key European markets.
“These three acquisitions represent a significant acceleration of our Iberian growth strategy and underscore the strong momentum behind the Redevco European Retail Parks Fund. Reaching nearly 50% capital deployment within six months of launch reflects the depth of opportunities we are able to secure in this segment. With this latest expansion, we continue to strengthen our presence across key European markets and build a resilient retail parks portfolio designed for long-term value creation.”
Israel Casanova, Investment Director Retail Parks at Redevco
Ferrol, Meixueiro and Cemar Retail Parks together represent a strong trio of high-performing, convenience-led assets across key regions in Spain. Ferrol Retail Park in La Coruña offers 28,200 sqm across 19 units and maintains exceptional resilience with long-standing occupancy above 98%, supported by strong AP-9 visibility and a 190,000-person catchment. Meixueiro Retail Park in Vigo adds 17,737 sqm and holds a dominant market position as the city’s only retail park, benefitting from an A-55 gateway location, excellent connectivity and two-level direct parking.
Further south, Cemar Retail Park in Huercál de Almería contributes 19,676 sqm of GLA with 97% occupancy, anchored by leading tenants such as Conforama, Decathlon and Aldi, and serves an extensive 530,000-person catchment in a region marked by strong demographic momentum. Collectively, these assets reflect resilient performance, strategic positioning and strong long-term income potential within the RERP portfolio.
Launched in October 2025 with €500 million in equity commitments from CBRE Investment Management acting on behalf of global institutional clients alongside Redevco co-investment, the RERP Fund now holds assets across Belgium, Germany, Spain and the UK.
Ferrol Retail Park, in the metropolitan area of La Coruña, comprises 28,200 sqm across 19 units and is fully occupied by a diversified tenant mix anchored by Carrefour, Brico Depot, and Media Markt, which together generate over half of rental income. With strong visibility from the AP-9 motorway and a catchment of more than 190,000 residents, the asset has demonstrated resilient performance, maintaining occupancy above 98% since 2017 and delivering sales growth ahead of pre-pandemic levels. It also offers value-creation potential, including a standalone F&B unit and the leasing of available first-floor space.
Inaugurated in 2009, Meixueiro Retail Park provides 17,737 sqm of lettable area on the outskirts of Vigo. Anchored by Decathlon, Media Markt, and Lidl, it holds a dominant position as the only retail park serving the wider Vigo region. Located at the main entrance to the city along the A-55 motorway, the park benefits from excellent visibility and connectivity, supported by direct parking on both levels due to the site’s natural topography.
Located in Huercál de Almería in Andalucía, Cemar Retail Park comprises 19,676 sqm of Gross Leasable Area (GLA) across 11 retail units and is 97% occupied by a diversified mix of Tier‑1 tenants. The asset is anchored by Conforama, Decathlon, and Aldi, which together account for 73% of GLA and 64% of rental income. Positioned within a growing northern retail corridor of Almería, the retail park benefits from excellent road connections and serves a strong catchment of approximately 530,000 inhabitants within a 30‑minute drive. The city is characterized by strong demographic trends, positive population evolution and a declining unemployment rate, supporting the asset’s long-term attractiveness.
