Hungarian investor GESTOR REAL ESTATE announced the successful sale of Mazarrón Park, a retail destination on Spain’s scenic Costa Cálida, to French investment firm Epsilon 360° SCPI. This acquisition represents a significant milestone for Epsilon 360° as it broadens its reach into the thriving Spanish market, marking its first major investment outside of France.
Mazarrón Park was originally developed by ACTIV GROUP (Barcelona) in 2018 and was acquired by GESTOR REAL ESTATE over four years ago, during the pandemic. Mazarrón Park has demonstrated exceptional resilience and growth, thanks to sustained demand, reduced yields, rising occupancy rates, and increased rental income. Its prime location near the AP7 motorway connecting Alicante and Almeria gives it a competitive advantage. It is also benefitting by foot traffic generated by nearby well-known brands like Mercadona, Lidl, McDonald’s, and KFC.
The retail complex comprises four distinct units: a standalone ALDI store, a BP service station, a plot leased to Burger King under a construction lease, and a multi-unit building hosting popular international and national brands, including Tedi, Jysk, Sprinter, and Kiwoko. With 370 parking spaces and a remarkable 100% occupancy rate since its opening, the park has become a retail and lifestyle hub for local residents and tourists alike.
Attracting over a million visitors annually, Mazarrón Park leverages the region's strong tourism appeal, drawing visitors from across Spain and Europe. The high seasonal residential population adds to the park’s enduring popularity and profitability, making it an attractive asset in the Mediterranean retail market.
The sale was conducted as an off-market transaction, reflecting both the attractiveness of Spain’s flourishing real estate market and the strong appeal of this asset to high-calibre investors.
