Shopping centres’ sales increase 1.3% in 2018

Shopping centres’ sales increase 1.3% in 2018


These two segments together with the good numbers presented by the leisure sector (+2.6% yoy) and the food sector (+1.9% yoy) compensated the slight drop in terms of turnover registered in the fashion segment (-0.5% yoy).

The index, which gathers data from the commercial activity of the shopping centres managed and/or marketed by Cushman & Wakefield, reflects the increase in consumers’ demand (retail grew 0.8% according to INE) and the good reception of mixed investments such as food and leisure.

By segment, the fashion stores put an end in 2018 to the increases registered in the last few years, with a slight 0.8% drop for the whole of the year, despite the strong increase registered in the fourth quarter (+5.3%).

Rafael Mateu, partner at Retail Asset Services from Cushman & Wakefield España, remarks that «the shopping centres managed by Cushman & Wakefield in Spain had a great performance in 2018 and we will keep this trend in 2019. There was a great investment in their consolidation, investing in improvements (Capex) and  in analysis and innovative tools such as Big Data and business intelligence, always looking for a greater interaction with the clients. Many retailers have invested in reforming their stores, which shows that both owners and tenants keep investing and strengthning their presence in our country».

Iberian Property logoIberinmo logo
Iberian Property is the best platform for investment in Spain & Portugal. Created for those who seek reliable information about players and deals happening in Iberia. Through updated database, reports, market indicators and daily news, we report “Who’s Who” in Iberian Real Estate!. Iberian Property is also proud to organize the most important international real estate investors’ meeting in Iberia - Portugal Real Estate Summit!