The group of department stores has signed an agreement with a Swedish group to rent part of the space in one of its office centers, according to El Confidencial.
The Scandinavian company will lease square meters of the El Capricho establishment, in Marbella, a center that has been hit hard by the drop in tourism. El Corte Inglés will keep the supermarket area but will give its new tenant the area dedicated to home, decoration, furniture, terrace and garden and rest. The building also had a travel agency and a Starbucks coffee shop.
The one in Marbella is not the only center in Andalusia that El Corte Inglés has under review. The company is also analyzing outputs for properties in Mijas, Algeciras, Jerez, El Ejido and Sevilla Este, according to the same media, and is considering, among other options, their conversion into outlets. More than half of the 21 points of sale that the group has in the region have registered recurring operating losses since the outbreak of the pandemic.