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 THE REGION OF MADRID JOINS THE SPAIN REAL ESTATE SUMMIT 14 April 2026 Residential EMVS Madrid invests €40.3 million in a development comprising 164 homes 08 April 2026