Spain combines retail and leisure

Spanish mega-scheme Puerto Venecia will open in Zaragoza late next year, with over 21,000 sq m of leisure incorporated into the 206,000 sq m site. The site will also host a shopping mall, big-box retail, and a retail park.

Tenants include El Corte Ingles, Hipercor, Decathlon, Primark, Zara and Disigual.
The scheme is a mixed-use space which includes a sailing lake, ice rink for the winter, a multi-purpose sports area, major leisure sites and 6,600 sq m of food and beverage outlets.

Eurofunds investor Ian Stanford said that in his view, future developments would have to mix “lots of activities,” which means people will say “let’s go to Puerto Venecia and decide what to do once we get there.”

Click here to read the full article in MAPIC 2011 Review, page 12.

For a wider look at the Spanish real estate market, make sure you attend the MIPIM 2012 conference: The Spanish real estate market in 2012 – time to act or wait and see?

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