Financing in the commercial sector is also possible with DEXTER
The balance that has emerged in recent weeks is quite significant. Investment in shopping centres has multiplied sixfold in just 5 months and is close to 740 million euros, driven by the prominence of funds.
According to the analysis of the consultancy 'Savills', this reactivation is due to excellent results both in terms of affluence and sales. Also, rents in shopping centres in Spain are well below those in northern Europe, therefore, the operator's rate of effort is more comfortable.
This is why operators' interest continues to grow, with 28% more openings by 2023, with more sustainable revenues than in other countries and prime centre profitability reaching 6.5%, the highest in 11 years.
Investment funds were the main players with 72% of the volume invested. The main transactions include reference centres such as Islazul (Madrid), acquired by Henderson Park and Eurofund from Nuveen; Salera (Castellón de la Plana), acquired by Resilient/Light house properties from DWS; and the triple sale of the shopping centres SOM Multiespai (Barcelona), Ruta de la Plata (Cáceres) and Zubiarte (Bilbao) by ASG.
Within its portfolio, DEXTER, a specialist in real estate financing with private capital, works in the commercial area, not only with large operations but also with small and medium-sized operations, starting with a ticket of 1 million euros, always adjusting in a personalised way to the needs of its clients.
Financing in the commercial sector is also possible with DEXTER
The balance sheet that has emerged in recent weeks is quite significant. Investment in shopping centres has multiplied sixfold in just five months and is close to 740 million euros, driven by the prominence of funds.
According to the analysis of the consultancy firm Savills, this reactivation is due to excellent results both in terms of affluence and sales. Also, rents in shopping centres in Spain are well below those in northern Europe, therefore, the operator's rate of effort is more comfortable.
It is therefore understandable that the interest of operators continues to increase, with 28% more openings in 2023, with more sustainable income than in other countries and a profitability of prime centres that reaches 6.5%, the highest value in the last 11 years.
Investment funds have been the protagonists with 72% of the volume invested. The main transactions include reference centres such as Islazul (Madrid), acquired by Henderson Park and Eurofund from Nuveen; Salera (Castellón de la Plana), acquired by Resilient/Light house properties from DWS; and the triple sale of the shopping centres SOM Multiespai (Barcelona), Ruta de la Plata (Cáceres) and Zubiarte (Bilbao) by ASG.
Within its portfolio, DEXTER, a specialist in real estate financing with private capital, works in the commercial area, not only with large transactions but also with small and medium-sized ones, starting with a ticket of 1 million euros, always adapting in a personalised way to the needs of its clients.
