Local estate agent, Mislocales, stated that Spain is preparing for the opening of 16 new shopping centers over the next 24 months, which will result in more than 500000m² of retail space.
Spanish retail has experienced major investments during the past 12 months from Oaktree, Blackstone, Patron Capital and Intu Properties. According to the Spanish Association of Shopping Centers (AECC), the total available amount of mall space across the country at the close of 2013 was 15.3 million square meters.
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