Megapark is located in the largest commercial area of the Basque Country and serves as the largest retail park in northern Spain. Strategically positioned along the A-8 motorway, it connects key cities such as Santander, Bilbao, and San Sebastián, making it a prime shopping destination for the Cantabrian coast. Part of the Helios Real Estate Socimi retail portfolio, Megapark features 97 units, offers 7,376 parking spaces, and caters to a primary catchment area of approximately 250,000 inhabitants, with an extended catchment of 1.85 million people.
Following a major acquisition in late 2024, the Helios consortium, a joint venture between Hines European Real Estate Partners III (HEREP III) and Grupo Lar, acquired Lar España Real Estate Socimi. Helios Real Estate Socimi, rebranded from Lar España, manages a portfolio of 12 malls and retail parks know for their quality and scale. Helios is setting a benchmark in retail real estate through value creation, sustainability and innovative customer experiences.
