Iberian Property > News > Retail Ares acquires Castellana Properties' retail parks in Spain for €279M Since its acquisition in 2017, Castellana Properties has successfully developed the portfolio, increasing the Net Operating Income (NOI) by 26%. Alexandre Lima | 28/01/2026 Parque Oeste - retail park located in Madrid. Image by: Castellana Properties Exclusive Content NOT A SUBSCRIBER YET? SUBSCRIBE HERE >> Already a subscriber? LOGIN HERE >> Related news: Residential Primero H and Hispaled partner to deliver affordable housing in Madrid 13 February 2026 Market Updates MADRID SURPASSED €430M IN CRE TRANSACTIONS DURING JANUARY 10 February 2026