The industry-leading company specialised in property investment, development and management, has successfully completed a seven-year €54M green refinancing for two retail assets in Spain.
The two assets are Alegra Retail & Leisure Park, located in San Sebastián de los Reyes, Madrid and Coruña The Style Outlets, located in A Coruña. 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.
For Daniel Losantos, NEINVER CEO: “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.”
Alegra Retail & Leisure Park is one of the leading retail and leisure destinations in the north of the Community of Madrid. The asset comprises 33,500sq m 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 3,000sq m. The scheme also features a strong leisure offer, including Micropolix, an educational entertainment centre 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 centre offering 12,800sq m 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 centres and four retail and leisure parks continued to register growth in 2025, with sales rising five per cent above the previous record year and extending the positive trend seen in recent years.
