Savills Advises Resolute Asset Management on the Sale of La Marina Shopping Centre to Grupo Inmobic

Savills has advised Resolute Asset Management on the sale of the La Marina Shopping Centre to Grupo Inmobic in Spain, owned by the Cojab family. Legal advisory for the transaction was handled by Pérez Llorca.

Located in Finestrat, a municipality neighboring Benidorm on Spain’s Costa Blanca, La Marina benefits from a strategic position within a high-traffic tourist and residential corridor. Finestrat, known for its modern urban developments and proximity to Benidorm’s beaches and leisure offerings, combines a growing residential population with the influx of millions of visitors to Benidorm each year. This dual catchment of local residents and international tourists ensures consistent footfall throughout the year.

Opened in 2000, La Marina was later expanded with the addition of an adjacent retail park, forming a consolidated retail complex serving both Finestrat residents and Benidorm’s visitors. The property now comprises a gross lettable area (GLA) of 35,342 sqm and 1,372 parking spaces, positioning it as a leading retail destination in the Alicante province.

The shopping centre hosts major tenants including Zara, Druni, and Pull&Bear, while the adjoining retail park accommodates brands such as Action, Kiwoko, and Jysk. The mix of international fashion anchors, essential retail, and value-oriented operators enhances the asset’s long-term stability and commercial appeal.

Finestrat and Benidorm: A Powerful Retail and Tourism Corridor

Finestrat has emerged as a growing hub for urban development and tourism, benefiting from its proximity to Benidorm, one of Spain’s most visited cities. With a strong local population, high-quality residential neighborhoods, and access to Benidorm’s hotels, beaches, and leisure facilities, the municipality offers an attractive environment for retail investment. La Marina’s location allows it to capture both the daily spending of residents and the seasonal surge of tourists from across Europe.

Transaction Highlights Ongoing Investor Interest

The sale of La Marina reflects sustained confidence in Spain’s shopping centre market. With two months remaining in the year, nearly €1.4 billion has already been invested in the segment—a 25% increase compared to the previous year, marking the highest annual transaction volume since 2018.

“The shopping centre investment market is increasingly focused on core assets, although opportunities remain across different risk profiles. La Marina is a clear example of the strong and diversified interest that shopping centres continue to generate in Spain,” said Julian Lachowicz, Associate Director of Retail Investment at Savills.