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Almar Consulting advises NEPI Rockcastle on its entry into Spain with the acquisition of MegaPark Barakaldo.

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Almar Consulting advises NEPI Rockcastle on its entry into Spain with the acquisition of MegaPark Barakaldo.

Almar Consulting has supported NEPI Rockcastle by providing technical and urban planning advisory services during the acquisition process of one of the Basque Country's leading retail destinations.
02/09/2026
Bilbao

Almar Consulting has advised NEPI Rockcastle on the acquisition of MegaPark Barakaldo, a transaction valued at €254 million that marks the group's entry into the Spanish market and its first investment outside Central and Eastern Europe.

Throughout the acquisition process, Almar Consulting provided technical and urban planning advisory services, conducting a comprehensive analysis of the asset, identifying and assessing key risks, and offering specialized guidance to facilitate decision-making during the transaction.

MegaPark Barakaldo is a premier retail destination in the Bilbao metropolitan area, boasting approximately 81,000 m² of gross leasable area distributed across three distinct zones: a Retail Park, a Fashion Outlet, and a Leisure and Dining area. The complex also features over 6,700 parking spaces and serves a catchment area of ​​around 1.1 million inhabitants.

This acquisition marks a strategic step in the growth of NEPI Rockcastle, a leading owner and operator of shopping centers in Central and Eastern Europe. With this transaction, the group expands its footprint into Western Europe for the first time, adding a well-established asset to its portfolio—one that recorded 12.75 million visitors in 2025.

Almar Consulting’s involvement in this deal reinforces the company’s expertise in the retail sector and its track record of supporting major real estate investors during acquisitions. The firm provides specialized technical insight aimed at anticipating risks, evaluating opportunities, and enabling sound decision-making.

This transaction adds to Almar Consulting’s portfolio of work with retail assets—a sector where the company provides services including Project Management, Construction Management, Due Diligence, Monitoring, and Technical Consulting, supporting owners and investors throughout the various stages of their assets' lifecycles.

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