The Belgian developer Equilis will invest 110 million euros in its second retail park in Spain. It will be called Nexum Retail Park and will be built by Avintia in the Madrid municipality of Funelabrada.
Designed by Chapman & Taylor and Inel, the new project will have a constructed area of 26,000 sqm. It comprises three modules of prefabricated concrete and two heights with commercial, automotive, sports, leisure and restaurant facilities, and a parking area for almost 1,000 vehicles, located on the surface between the buildings.
Avintia will start its works this April, which have an estimated completion time of 18 months, so the park could be ready by October 2023. According to Equilis calculations, the new commercial asset will attract three million annual visitors.
The retail park will also have an hotel, offices and a student residence
Nexum Retail Park will house a supermarket and shops of all kinds on the ground floor. And on the top floor there will be a fitness club of almost 2,000 sqm, a children's entertainment area and a restaurant.
The site also includes a new generation flexible office space, distributed over more than 1,500 sqm , together with a 17,000 sqm student residence with capacity for more than 600 students, a gas station, and a hotel, which will be built in the remaining 4,000 sqm of plot.
Equilis, which began operations in Spain in 2004, announced in 2018 that it planned to invest €500 million in the development of various parks and shopping centers in the country. It was that same year when he opened his first commercial project in the country: Finestrelles Shopping Centre, in Barcelona. His next projects are related to the luxury residential market in Madrid: two residential buildings in the Barrio de Salamanca, specifically, in Lope de Rueda 15 and Velázquez 70.
Globally, the company operates in Belgium, France, the Netherlands, Germany, Poland and Spain. In 15 years, it has carried out more than fifty projects, with a total of 400,000 sqm, it has another 500,000 sqm underway, totaling almost 4,000 homes, and it assures that it is "intensifying our growth in Europe".