General of Commercial Galleries

Name

General of Commercial Galleries

Legal name

GENERAL DE GALERIAS COMERCIALES, S.A.

Website

https://generaldegalerias.com

Company type

Public

Founded year

1997

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Málaga

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Supply Chain

Revenue model

1. Commercial Space Rental: The company generates revenue primarily through renting retail spaces (locales comerciales) to national and international retail brands in its shopping centers and commercial parks. The company operates 11 commercial centers across Spain, with over 1,100 commercial premises generating rental income.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

General de Galerias Comerciales SOCIMI, S.A. owns, develops, and operates a portfolio of 11 shopping centers and commercial parks across Spain, leasing more than 1,100 retail premises to national and international brands. The company generates revenue primarily through rental of commercial space (locales comerciales) at properties in Andalusia, Catalonia, the Canary Islands, and the Region of Murcia, and serves as a SOCIMI-listed real estate investment vehicle.

Product overview

General de Galerías Comerciales SOCIMI, S.A. is a shopping center and commercial real estate operator that owns and manages a portfolio of 11 commercial properties across Spain. The company operates commercial parks, shopping centers, and outlet centers in strategic locations including Andalusia (Marbella, Almería, Granada, Cádiz), Catalonia (Mataró), Canary Islands (Gran Canaria), and the Region of Murcia (Cartagena). The portfolio includes large-format commercial parks like Nevada Shopping (the largest in Andalusia), traditional shopping centers like La Cañada (the flagship Costa del Sol property), and outlet centers like Las Terrazas. Together, these properties encompass over 1,100 commercial premises generating more than 22,000 jobs and receiving millions of visitors annually. The company is a SOCIMI (Spanish REIT) listed on the MAB (Bolsas y Mercados Españoles).

Differentiator

Problem solved

Functional benefit

Products and services

• General de Galerías Comerciales shopping center portfolio Consolidated portfolio of 11 shopping centers and commercial parks across Spain, including over 1,100 commercial premises that generate more than 22,000 jobs and receive millions of visitors annually. Targets national and international retail brands seeking prime commercial real estate locations.
• Parque Comercial La Cañada Flagship commercial complex on the Costa del Sol located in Marbella, with 120,475 m2 of built area, 270 shops, and 3,900 parking spaces. Houses over 270 retail brands across fashion, accessories, home goods, and food.
• Centro Comercial Mediterraneo Shopping center in Almeria with 59,322 m2 of built area, featuring revolutionary architectural and technological design on Avenida del Mediterráneo.
• Centre Comercial Mataró Parc Commercial center in Mataró, Barcelona, with 100,634 m2 built area, conceived with advanced technology and maximum nobility in materials. Planned 30,000 m2 expansion for DIY, decoration, and home goods.
• Parque Comercial Gran Plaza Commercial park in Roquetas de Mar, Almeria, with 130,245 m2 total area serving the western Almería region.
• Centro Comercial Dos Mares Shopping center in Murcia with nearly 25,000 m2 gross leasable area, 1,250 parking spaces, over 70 stores, 16 restaurants, and 8 movie theaters.
• Parque Comercial Las Dunas Commercial park in Sanlúcar de Barrameda, Cádiz, with 146,048 m2 and over 120 shops serving Sanlúcar de Barrameda, Chipiona, Rota, and Jerez de la Frontera.
• Las Terrazas Outlet Outlet shopping center in Telde, Gran Canaria, with 20,000 m2 commercial area and 120 stores. Phase 2 planned with another 45,000 m2.
• El Mirador Shopping Shopping center in Las Palmas de Gran Canaria with 50,000 m2 commercial area and 120 stores. Phase 2 planned with another 45,000 m2.
• Serrallo Shopping Shopping center in Granada with 55,000 m2 total built area and 28,000 m2 gross leasable area across 2 retail floors, featuring 856 underground parking spaces.
• Parque Comercial Nevada Shopping Largest commercial park in Andalusia and one of the largest in Europe, located in Armilla, Granada, with 266,966 m2, specialized surfaces, fashion, leisure, dining, cinemas, and 5,800 parking spaces.
• Centro Comercial La Rambla Shopping center in Cartagena, Murcia, located at Rbla. de Benipila, 2W, 30205, currently operating with Mercadona, jewelry, and pizzeria stores.

Quantifiable outcome

• 22,000+ jobs generated (direct and indirect)
• +2 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Klépierre: Pan-European shopping-center REIT operating flagship retail destinations across continental Europe — comparable in business model (rental income from regional shopping centers) and tenant-anchored retail strategy.
• Eurocommercial Properties: Dutch-listed REIT focused exclusively on shopping centers in Italy, France, and Sweden — same core business of owning, leasing, and managing regional shopping centers to retail tenants.
• Lar España Real Estate SOCIMI: Spanish SOCIMI focused on retail and grocery-anchored shopping centers across the country, with a comparable property portfolio strategy targeting mid-size Spanish cities and tourist regions.
• Cevasa: Spanish SOCIMI with a portfolio concentrated in retail parks and shopping centers across Spain, similar in scale and tenant-mix focus to General de Galerías Comerciales.
• Carmila: European REIT specializing in shopping centers anchored by Carrefour hypermarkets; directly comparable in owning and leasing retail premises to national and international brands.
• Hammerson: UK and Irish shopping-center REIT owning and operating flagship retail destinations; comparable in shopping-center ownership, tenant mix curation, and recurring-rent revenue model.
• Realia: Spanish real-estate company with shopping-center and retail-park assets; comparable in Spanish market focus and property type, though smaller in dedicated retail exposure.
• Castellana Properties SOCIMI: Spanish SOCIMI that owns and operates retail parks and shopping centers in Spain, owned by South Africa's Vukile Property Fund — directly comparable in asset class and Spanish market focus.

Broad incumbents

• Merlin Properties SOCIMI: Spain's largest SOCIMI with a diversified portfolio across retail, offices, logistics, and data centers — broader than General de Galerías but competes for Spanish retail assets and tenant relationships.
• Unibail-Rodamco-Westfield: Global leader in flagship shopping-center ownership and operation; while significantly larger and more diversified than General de Galerías, it competes for the same retail-tenant relationships and operates a directly comparable core business.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/general-de-galerias-comerciales-socimi-sa

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about General of Commercial Galleries