On this first stage alone, the British company and its partner Eurofund should spend around 47 million euro, according to newspaper Expansión.
This is the Intu Costa Del Sol, a shopping resort which should include not only retail but also 2 hotels, 70 restaurants, several leisure areas and areas dedicated to events and conferences. It will also feature 250.000 sqm dedicated to parking areas and gardens.
The development of this megaproject should take place during the next three years and represents a total 850 million euro investment, to which should be added 250 million euro to be paid by the retailers who will occupy the shopping resort.
The start of this project occurs after intu gained liquidity with the conclusion of the sale of Puerto Venecia to Generali Real Estate and Union Investment Real Estate for 475 million euro.