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: Market Updates MADRID CAPTURES NEARLY TWO-THIRDS OF SPAIN’S CRE INVESTMENT IN MARCH 13 April 2026 Residential Med Capital and partners buy a building in Madrid to develop luxury housing 21 April 2026