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Woodfine Projects

The buildings-and-places record for Woodfine Capital Projects Inc.: six development classes, the design system behind them, and the site-selection method built on established retail anchors. Articles span regional markets across North America and Europe, the planned development program, and the maps and data behind the analysis.

Historical revision — this record as it stood on 6 September 2026, not the current version. View the current record →

Spain — Regional Market index

Pending rebuild (2026-09-06). The market table and counts on this page still reflect the pre-rebuild selection. Under the confirmed 2026-08-07 dataset, now live on Top 400 Regional Markets — Europe, Spain publishes 55 Regional Markets. Rebuilding this country table is a separate, scoped task — the discrepancy is flagged here, not resolved.

The Spain regional market index lists Spanish cities and provincial capitals outside the primary Madrid and Barcelona metropolitan areas that meet the population, income, and retail infrastructure thresholds established by the [[about-regional-markets-system|co-location regional market framework]]. Spain's territorial organisation into seventeen autonomous communities, each with a principal urban centre and a network of secondary cities, produces a structured set of qualifying regional markets distributed across the Iberian Peninsula.

National context

Spain's commercial real estate market presents a distinctive income geography. The northern autonomous communities — Basque Country, Navarre, La Rioja, and Aragon — exhibit household incomes above the national median consistent with strong industrial and agricultural export bases. The Mediterranean corridor from Catalonia through Valencia to Murcia contains several qualifying regional markets with established commercial property and retail investment. The interior plateau and southern Andalusia offer markets qualified primarily on population rather than income, with lower median household income requiring more careful demand analysis.

The Spanish retail landscape is anchored by Mercadona, Leroy Merlin, IKEA, and Decathlon, with Alcampo (Auchan) and Carrefour hypermarkets present in most provincial capitals above 100,000 population. Leroy Merlin penetration — the primary DIY format — is a particularly reliable income and power centre signal in Spanish regional markets.

Coverage by autonomous community

Basque CountryVitoria-Gasteiz (capital of Álava) as primary qualifying market; San Sebastián and Bilbao assessed as primary-adjacent markets requiring secondary-market targeting within the urban region.

NavarrePamplona and the Navarre Valley corridor; strong income; Leroy Merlin and Decathlon anchors confirm power centre viability.

AragonZaragoza is large (primary market threshold); secondary cities Huesca and Teruel qualify on niche professional demand.

Castile and LeónValladolid, Burgos, León, Salamanca, and Ávila as primary regional qualifying markets; the largest land area of any autonomous community with the most distributed market set.

Valencian Community — Alicante, Castellón de la Plana, and the Valencia metro's satellite municipalities as qualifying markets outside the primary Valencia urban core.

Andalusia — Málaga (primary-market scale), Almería, Jaén, Huelva as secondary markets; income qualification requires careful verification.

Correction (2026-07-16): none of Burgos, Pamplona, Valladolid, Vitoria-Gasteiz, or Zaragoza — all previously listed above as primary qualifying markets or in the removed Sample markets table below — actually appear among Spain's 22 verified entries in the Top 400 Regional Markets — Europe list. This doesn't mean these places aren't real Spanish markets; it means they are not currently included in the TOP400 co-location screen specifically. The Coverage by autonomous community prose above is left as a qualitative regional description rather than rewritten, but should not be read as implying these named markets are TOP400 entries.

Markets

This table is a filtered, Spain-specific view of the continental Top 400 Regional Markets — Europe table — not a separate dataset — so every entry and tier count matches the continental table exactly and updates automatically if that table is corrected. No rank or score is published for any market.

Market Suburb of km T1 T2 T3 Civic
Murcia Alicante 72 1 0 2 Yes
Gijón Oviedo 1 0 1
San Sebastián de los Reyes Madrid 1 0 0
Castelló de la Plana Valencia 1 0 0
Las Rozas de Madrid Madrid 1 0 0
Gavà Barcelona 1 0 0
Badia del Vallès Barcelona 1 0 0
Elche Alicante 1 0 0
Rivas-Vaciamadrid Madrid 1 0 0
Parets del Vallès Barcelona 1 0 0
Alcalá de Henares Madrid 1 0 0
Getafe Madrid 1 0 0
Ferrol A Coruña 1 0 0
Talavera de la Reina Toledo 1 0 0
Orihuela Alicante 1 0 0
Jaén Granada 1 0 0
Finestrat Alicante 1 0 0
Xàtiva Valencia 1 0 0
Fuengirola Málaga 1 0 0
Nigrán Braga 1 0 0
Jerez de la Frontera Cádiz 0 0 2
Torrejón de Ardoz Madrid 0 0 2

Co-location anchor network

The Spain Co-location Index evaluates commercial nodes across the Iberian Peninsula using the Retail co-location methodology and the deterministic ranking system. Sites are evaluated where IKEA operates as the Primary Target anchor, against secondary operators (Leroy Merlin, Makro) and tertiary civic infrastructure within defined catchment radii. Spain is one of the four markets covered in the co-location tier system.

Anchor Network

IKEA operates approximately 19 stores in Spain, with the largest concentrations in the Madrid area (three to four stores), Barcelona area (two to three stores), and regional capitals including Valencia, Bilbao, Seville, Zaragoza, Valladolid, and the Canary Islands. Secondary anchors: Leroy Merlin (~90 Spanish locations) and Makro (~35 Metro Cash & Carry locations). Spain's 50 public universities and its dense public hospital network concentrate in the same metropolitan areas as IKEA operations.

Iberian convergence characteristics

Spain's IKEA network has a strong co-location pattern with Leroy Merlin: in the majority of Spanish IKEA markets, a Leroy Merlin store is present within the required secondary catchment radius. This structural overlap creates a reliable District-tier baseline across most Spanish IKEA locations. Hospital access within the civic ring is consistent in regional capital cities.

District — high-validation nodes

A District-tier node in Spain pairs the IKEA primary anchor with a hardware or warehouse secondary — Leroy Merlin and Makro are the operators that most often satisfy this gate — top-quartile catchment population, and hospital access within the civic ring. The convergence of operators across categories confirms the site's commercial standing.

The site index for Spain, classified under the current tier system, is available at gis.woodfinegroup.com.

Provenance

  • Verification: Anchor network data sourced from OpenStreetMap records as of May 2026.

See also

Important Information

Important Information

Securities offering. Woodfine Capital Projects Inc. ("Woodfine") sponsors real-property direct-hold solutions. Interests in those solutions are offered only to investors who qualify under an applicable prospectus exemption — including the accredited-investor exemption under National Instrument 45-106 — Prospectus Exemptions, and equivalent exemptions in other applicable jurisdictions. Content on this wiki is provided for general informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security. Any offering is made exclusively by means of the applicable Private Placement Memorandum, which prospective investors should review, together with their own professional advisors, before investing.

Scope. This wiki describes Woodfine's research methodology, geographic data platform, and related activities at a high level and is qualified in its entirety by the applicable Private Placement Memorandum and the governing documents of the relevant issuer.

Risk. Investment in real-property direct-hold solutions involves significant risk, including possible loss of capital. Past performance is not indicative of future results. References to structural features such as advisory fees, transferability, and net asset value methodology describe the contractual terms of the direct-hold solutions and are not representations as to investment outcomes or returns.

Forward-looking statements. Statements that are not historical facts may constitute forward-looking information within the meaning of applicable Canadian securities laws. Such statements are subject to known and unknown risks, uncertainties and assumptions, and actual results may differ materially. Woodfine undertakes no obligation to update such statements except as required by law.

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