Batex & Duplex invests €20M in a commercial park in Puerto Real

Batex & Duplex invests €20M in a commercial park in Puerto Real

With an investment of 20 million, Batex & Duplex is developing what will be the first urban retail park in the Cadiz city of Puerto Real.

Baptized as Trocadero, the project is located on a 46,500 sqm plot at the foot of the AP-4 motorway, and will be a stop for Line 2 of the future Bahía de Cádiz metropolitan tramway, which will link the Cadiz capital with El Puerto de Santa Maria and Jerez airport.

According to its promoters, it will have 10,000 sqm of built surface and an eco-parking, and its launch will mean the creation of a hundred new jobs.

The retail park is scheduled to open its doors in the summer of 2023. And, for now, the company has already formalized the entry of Supeco, the Carrefour Group's food chain, which will be the key operator of the complex, but the presence is also expected of restaurants and leisure firms, home, sport and pet shop.

"The new park will satisfy the demand of nearly 10,000 people from the Cádiz-Puerto Real university campus, located a few meters from the plot, and more than 50,000 residents in the town of Cádiz Bay, who until now have to travel for about 25 minutes by car to find an offer of this nature", assured Rafael Franco, CEO of Batex.

Since the start of the pandemic, the company has closed eight acquisitions of commercial assets, which has involved an investment of 78 million euros. And, until 2023, it plans to allocate 145 million euros to the start-up of new projects.

One of the latest actions of this joint venture formed by the commercial project manager Batex and the architecture and engineering studio Duplex ARQ Factory, has been the investment of twelve million euros in the extension of the MyO shopping center in Gandía. The complex, which has the presence of large operators such as Leroy Merlin or Decathlon, will see its area increased by 8,200 sqm, reaching a total area of ​​over 40,000 sqm.

Iberian Property logoIberinmo logo
Iberian Property is the best platform for investment in Spain & Portugal. Created for those who seek reliable information about players and deals happening in Iberia. Through updated database, reports, market indicators and daily news, we report “Who’s Who” in Iberian Real Estate!. Iberian Property is also proud to organize the most important international real estate investors’ meeting in Iberia - Portugal Real Estate Summit!