07 Jul Mitiska REIM opens new retail park development in Spain
Mitiska REIM, the leading specialist investor in European retail parks and convenience real estate, has today announced the opening of Los Patios de Azahara, a new retail park development located in Córdoba, Spain.
Los Patios de Azahara is Mitiska REIM’s first retail park development project in Spain and has a gross leasable area (GLA) of 10,265sqm, featuring 8 retail units and parking for 450 cars, and has been preassessed to achieve a ‘Very Good’ score on the BREEAM scale. Tenants at the new retail park are MediaMarkt, Jysk, Kiwoko, Sprinter, Èggo Kitchen, Zappas (Grupo Oteros), MaxColchón and Sakito Home. The site is conveniently located 5 minutes drive from the centre of Córdoba on the main road to Palma del Río, immediately adjacent to an existing Leroy Merlin store and McDonald’s restaurant.
Commenting on the new development project, Alfonso Cuesta, Mitiska REIM’s Investment Director for Spain, comments: “We are delighted to open our first retail park development project in Spain. Mitiska REIM has built a very successful track record of new developments across Europe, and this project in Córdoba will bring new and improved retail infrastructure to the area, create a popular new destination for shoppers, and generate over 200 jobs in the local community.”
Jan Du Bois, Managing Director for Iberia at Mitiska REIM, adds: “In Spain and across Europe, retail parks have proven to be one of the most resilient retail formats and have become increasingly recognised as an opportunity for investors. This latest retail park is one of 4 new developments and extensions we have opened over the past year, with 15 additional development projects underway across Europe which are scheduled to open in 2021/22.”