Castellana Properties buys an office building to expand the leisure area of Los Arcos

Castellana Properties buys an office building to expand the leisure area of Los Arcos

Castellana Properties has acquired from Aliseda an office building of more than 4.600 sqm of SBA and four floors. The property, annexed to the Los Arcos shopping center, will be part of a plan to transform and improve this space and in which the company will invest a total of 15,6 million euros.

This plan contemplates providing Los Arcos with a new leisure and restaurant area with 12 new brands, which will allow the mall to remain at the forefront, increase its commercial mix and consolidate as one of the references of the city of Seville. The works are scheduled to start at the beginning of 2022 and during the first half of 2023 the first openings of the establishments will take place.

This new project complements the recent reforms and inaugurations that have been carried out in Los Arcos and that demonstrate Castellana Properties' commitment to the Andalusian capital. Thus, in the shopping center in recent months has opened a MediaMarkt of 2,500 sqm, through its new model of store, a Mercadona of 3.500 sqm and the Portuguese chain of home Espaço Casa with a new establishment of 1.250 sqm, among many others.

«We want to consolidate the positioning of Los Arcos as the reference shopping center in Seville and the province and, for this, having the best leisure and restaurant offer is key. The operation announced today demonstrates, once again, Castellana Properties' commitment to Seville and Andalusia, a region in which the firm has the greatest weight of its portfolio», says Julio García, operations director of Castellana Properties.

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