The 6,000 sqm asset, fully leased to Decathlon, reinforces the investor’s value‑add strategy in Iberian retail parks.
Othrys Iberia has completed the acquisition of a 6,000 square metre retail asset in Alicante, fully leased to sporting goods retailer Decathlon. The property is located within the consolidated commercial and industrial park of Rabasa, one of the most established retail destinations in the Alicante metropolitan area, offering strong accessibility and proximity to the city centre.
Decathlon has operated from the site for more than 25 years, underlining the asset’s long-term commercial viability. As part of the transaction, a new long-term lease agreement has been executed simultaneously with the acquisition, providing income stability from day one. The seller was a private family office, with asset management services provided by Zenith Family Office OÜ.
Following the acquisition, Othrys Iberia plans to implement a programme of improvements focused primarily on enhancing the parking areas and overall customer experience. In addition, the company is assessing the development of new commercial units within the same plot, aimed at food & beverage concepts and complementary retail uses, with the objective of increasing footfall and unlocking additional value.
The transaction was advised by Silex Real Estate on the commercial side, with legal support from Eversheds Sutherland, technical due diligence by Gleeds Iberia and financial advisory services provided by CG Capital Europe.
Othrys established its Iberian platform, Othrys Iberia, in Madrid in 2024 to pursue investment opportunities across Spain and Portugal. The platform is led by Timothy Young, who has been active in Southern European real estate markets since 2013. Othrys Iberia focuses on value‑add and opportunistic strategies across retail, logistics, light industrial and managed residential assets.
At a global level, Othrys owns and manages a portfolio of more than 120 properties, primarily comprising retail parks, shopping centres and logistics and light industrial assets, with a combined market value exceeding €1.4 billion.
This latest acquisition further reflects international investor confidence in well-located Spanish retail assets backed by strong tenants and long-term fundamentals, particularly in consolidated urban and metropolitan locations such as Alicante.