Neinver has completed a €54 million green refinancing for two of its retail assets in Spain, strengthening its capital structure and reinforcing its long-term strategy in the retail sector. The seven-year facility covers the Alegra retail and leisure park in San Sebastián de los Reyes and The Style Outlets A Coruña, with a combined gross leasable area of more than 46,000 sqm.
The green loan has been provided by Aareal Bank, which acted as arranger, lender and agent in the transaction, underscoring continued lender appetite for sustainable financing structures backed by stabilised retail assets. Neinver was advised by JLL, while Cuatrecasas provided legal counsel.
Chief Executive Daniel Losantos said the refinancing “represents an important step in supporting our strategy across two high-quality assets in Spain”, adding that it reflects both a disciplined approach to portfolio management and a commitment to sustainable finance, while highlighting lender confidence in the underlying business plans.
The Alegra scheme comprises approximately 33,500 sqm of gross leasable area across 19 units, combining outlet retail with a supermarket, food and beverage operators and a gym of more than 3,000 sqm. Meanwhile, the A Coruña outlet asset totals around 12,800 sqm and is focused on fashion retail, with a diversified tenant mix typical of the group’s outlet platform.
The refinancing aligns with Neinver’s broader strategy of actively managing a pan-European retail portfolio while embedding sustainability criteria into its funding structure. The company currently operates 21 centres across six markets, including Germany, Spain, France, Italy, Netherlands and Poland.
In parallel, the group has strengthened its retail leadership with the recent appointment of Natalie Schmidt as head of retail, reporting to Joan Rouras. Schmidt is responsible for defining and executing the company’s global retail strategy, with a focus on optimising tenant mix and brand performance across its European platform.
