Due to the higly demand from our international Investment Partners, Retalia is currently working on the conception of the Luxemburg based 1st Retalia Retail Development Fund Spain.
To benefit at a maximum from the attractive investment opportunities which actually offers the spanish retail real estate market. One of the main focuses of our new fund will be so-called "Bolkestein- Developments". This kind of large-scale retail developments are based on the new EU-Service-Directive named by his author Frits Bolkestein, which was approved by the EU in December 2006 and has to be adapted into local legislation until 28.12.2009. The main content of this new EU-Directive is the abolishment of the restrictions regarding retail-licences for all types of large-scale retail developments. There are several autonomous regions in Spain, which are affected by a very restrictive regulation up to licence-prohibitions over several years such as Catalonia, Balaric Islands, Asturias, aso. The result is, that these regions are far away from shopping-center saturation and highly attractive for new retail developments.
The Retalia Retail Development Fund will early purchase and secure sites in prime locations inside these non-saturated areas and develop retail parks, shopping centers and other types of retail properties such as diy-stores and hipermarkets, once the EU-Bolkestein Directive is lawful in December 2009.
Another investment focus will be the participation on public contests and public auctions of land cualified for large-scale retail use.
For more information please do not hesitate to contact us.
