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retail-shopping-centers Market News: Spanish Real Estate Intelligence

Huawei Opens Its Third Store in the Spanish Market in Barcelona

Huawei opened a shop in Barcelona on 22 February, its third establishment in Spain, after opening one in Madrid in July 2019. It has been over a year since the Chinese company announced that it would be opening a store in Barcelona.

The technology multinational's new store is located in Plaza de Cataluña, near the establishment of its competitor, Apple. It has a surface area of 750 square metres spread over two floors. Its opening was due to coincide with the Mobile World Congress (MWC), which was scheduled to start on 24 February in Barcelona and at which Huawei was going to be one of the main exponents.

 
ASG Considers Selling the Espacio Torrelodones Shopping Centre

The fund ASG Iberia is considering selling the Espacio Torrelodones shopping centre, which is managed by Cushman & Wakefield. A year after completing work to upgrade the complex, in which the company invested €5 million, it now wants to divest the asset, according to Idealista/news.

Currently, it is an off-market process, but the firm intends to start a formal process very soon. Espacio Torrelodones has a surface area of 33,000 square metres. That, along with the fact that the property is located in one of the municipalities with the highest per capita income in the country, are the main reasons why ASG is exploring the possibility of the sale.

 
Torre Village Changes its Name Three Months Before Opening

The Torre Village shopping centre will open in May or June this year under the name 'La Torre Outlet', following a total investment of €100 million, according to El Heraldo.

The new commercial space will span a surface area of 61,500 metres square, 13,500 m2 of which will be dedicated to the outlet area, with 90 stores. It is expected that around 70 stores will be ready in time for the opening and that the discounts will range from 30% to 70%.