Marek Noetzel, Chief Executive Officer, NEPI Rockcastle, said: “MegaPark Barakaldo gives us a strong foothold in one of Spain’s most dynamic regions — already a dominant destination for its catchment, with visitor numbers and sales both gaining momentum. It’s our first step beyond Central and Eastern Europe, though we’ve built real experience entering new markets: our team owns and manages retail assets across eight European countries, and the fundamentals behind that success — understanding tenants, understanding shoppers, and applying that discipline consistently — travel with us. We’re proud to bring our track record of building and growing premier retail destinations to Bilbao, and to keep improving access to excellent retail for the Basque community”.

Anca Nacu, Chief Investment Officer, NEPI Rockcastle, added: “MegaPark Barakaldo combines the scale, retail mix and catchment quality to support long-term value creation, and this transaction gives us multiple avenues to grow it further. We look forward to applying our asset management and development expertise here, and are confident this is a disciplined first step that will deliver strong, sustainable returns for our shareholders.”

Thanks to the internal team and external advisors for making this success possible: NEPI Rockcastle was advised by CBRE, Uría Menéndez, Almar Consulting and IDEA. Cushman & Wakefield acted as sale-side adviser.