Redevco, one of Europe’s largest privately owned real estate investment managers, continues to expand its pan-European retail parks strategy with the acquisition of Abadía Retail Park, a prime retail park in Toledo, Spain, for the Redevco European Retail Parks (RERP) Fund. This marks the Fund’s first Spanish asset, reinforcing its commitment to building a portfolio of high-quality, convenience-led retail parks across Europe.
Strategically located just south of Madrid and easily accessible from the highway, the retail park boasts a gross lettable area of 43,100 m² with a robust 99% occupancy rate, anchored by essential retailers including Auchan hypermarket, Decathlon, Leroy Merlin, and Media Markt, and holds a BREEAM In-Use “Excellent” sustainability certification.
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.”
Abadía Retail Park stands as the largest retail asset of its kind in the Castilla-La Mancha region. The park serves a robust catchment of nearly 250,000 residents within a 15-minute drive and attracts around 9 million visitors annually. Its regional influence is further underscored by strong customer loyalty, longer dwell times, and a diversified tenant mix that includes essential retailers and leisure operators. The surrounding area is characterised by positive demographic trends and a growing population, making the park a reference point for retail in the region.
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