Eurofund Group, the investment, development and real estate management group, has launched a socio-economic impact report highlighting the value contributed by its activities across its entire portfolio.
Compiled with the advisory support of independent consultancy EY, the report “Eurofund Group: “Shaping the socioeconomic impact of the present and future retail”, equates its current contribution to the economies of the markets in which it operates to a gross value added (GVA) of €1.188 billion, supporting 26,000 direct and indirect jobs.
In 2025, Eurofund’s portfolio in the UK, Spain, Italy, Portugal, Germany acted as an economic engine with a tangible impact on the communities it serves. Its assets attracted 48 million visitors per year and generated €1.09 billion in sales, contributing €466 million in direct, indirect and induced taxes to public coffers.
The EY report also highlights the multiplier effect of the group’s business model: every euro generated by the company becomes €5.6 for the economy in the markets where it operates. This impact is particularly evident in employment, where every direct job creates more than five additional jobs in the community.
Ion Saralegui, CEO of Eurofund Group, said: “At Eurofund Group we are proud to contribute tangibly to the economic and social development of the communities where we operate. Our commitment goes beyond creating retail spaces: we seek to generate employment, boost local economies and to enhance social and economic wellbeing. The data from the EY report shows that every investment we make has a multiplier effect, positively impacting thousands of families and businesses, and reaffirms our strategy of sustainable growth.”
Elena Fernández, Sustainability Partner at EY, adds: “The impact of a retail portfolio goes far beyond the day-to-day activity of the asset. Our service allows us to rigorously measure that broader effect and provide companies with a robust tool to communicate their economic and social contribution.”
Sights set on UK expansion
UK expansion is a key strategic priority for Eurofund Group, as it seeks to build upon its success at Silverburn with further retail acquisitions. Since acquiring Silverburn in a joint venture with Henderson Park in 2022, the centre has recorded record footfall for the third consecutive year, attracting 16.5 million visits and achieving c.23% year-on-year sales growth. Eurofund Group has also overseen a strategic leasing programme that has increased occupancy from 72% to c.95% – significantly enhancing the centre’s status as one of the UK’s flagship retail destinations.
Iberia, a key market
The Spanish and Portuguese markets remain a centre of gravity for Eurofund Group. Its activity has centred on the Islazul retail park (Madrid), a landmark asset spanning 90,000 sqm of GLA, recently sold for €340 million following a two-year repositioning and value-enhancement process carried out alongside its partner, Henderson Park. Meanwhile, UBBO, located in Lisbon, has established itself as a reference destination in its catchment area, reaching a record footfall of 21 million visitors last year.
Growth in Spain will also be supported by the development of new projects in high-potential regions. In this context, the company recently announced Shopping Promenade Lleida, representing an investment of over €145 million, with a total surface area of 56,000 sqm and the creation of 1,400 jobs. Shopping Promenade Lleida is conceived as a new commercial hub in inland Catalonia, energising the local economy and strengthening the region’s productive fabric.
A growing European portfolio
Other projects include the refurbishment and repositioning of assets including Rhein-Ruhr Zentrum in Germany (90,000 sqm) and Parma Promenade in Italy (44,000 sqm). Once works are complete, their combined impact will reach €1.153 billion, with a tax contribution of €463 million, and they will support the creation of over 20,000 jobs.
Eurofund 2025–2027: more assets, more impact
Portfolio growth through to 2027 will mark a new strategic growth phase for Eurofund Group, transforming the scale and impact of the group. This evolution, focused on the modernisation and expansion of its assets, will raise gross value added (GVA) to €1.829 billion — a 54% increase on 2025 figures. At the same time, total employment generated by the group’s activity will grow by 40%, exceeding 36,300 jobs.
