The volume of investment in the traditional segment of retail or commercial in Spain broke its record in 2015 with 2,400 million euros, a figure which shows an increase of 14% over 2014 and 10% from the peak in 2006, according analysis consultancy Savills.

The number of operations in this segment, which includes shopping centers, medium-sized supermarkets, hypermarkets and supermarkets, 35% over last year increased, with 46 investment operations, also setting a record reached in 2014 compared to 35 operations.

Moreover, the pace of activity does not seem to have slowed so far in 2016, with a number of transactions that, to date, is in line with that recorded in the first quarter of 2015 and reached almost 600 million euros, beating annual volume exceeded the total for the year period between 2009 and 2013.

Savills also estimates that the number of pending operations closed or assets to go to market short or medium term could reach 2,500 million euros.

As for investors, SOCIMIs and domestic investors have been the main protagonists. In any case, cross-border investment by European and US funds accounts for over two thirds of the total 2015 and almost all so far this year. On the vendor side, also grabbing international activity.

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