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 Principado - retail park located in Asturias. Exclusive Content NOT A SUBSCRIBER YET? SUBSCRIBE HERE >> Already a subscriber? LOGIN HERE >> Related news: Retail Square AM buys the Alameda Shop & Spot from DWS for over €50M 27 January 2026 Residential Aedas begins construction of nearly 200 homes in Murcia 21 January 2026