Bogaris Invests €25M in its New Shopping Centre in León

31 October 2018 – Eje Prime

Bogaris is on a roll in Spain following the opening of the Torrecárdenas shopping centre last week. The company, which specialises in the development of large commercial, logistics and industrial spaces, has invested €25 million in the development of its new shopping centre in León, according to comments made by the company’s Director General, Javier Marín, to Eje Prime.

The plot on which the Reino de León shopping centre is going to be located spans a total surface area of 54,000 m2. Of that space, Bogaris’s project will occupy a gross leasable area (GLA) of 26,000 m2, and tenants have already been identified for more than half: Leroy Merlín will occupy 10,000 m2 and Decathlon is going to lease another 4,000 m2.

The Reino de León shopping centre will also have other operators, such as Conforama, McDonald’s and Kiwoko. “We still need to find a tenant for an 800 m2 unit that we want to dedicate to the food sector”, said Marín. Nevertheless, the company is determined to start work on the construction of the complex between the end of this year and the beginning of 2019.

Bogaris also has another project underway that it is planning to start work on at the same time as Reino de León. That is a shopping centre in Lisbon, located on a plot with a buildable surface area of 23,000 m2 and around 45,000 m2 of land. In that case, the company has already confirmed Leroy Merlin, Conforama and the hypermarket chain Continente Modelo as tenants.

Currently, the group is working on other new projects, in the marketing and urban development phases, in Cataluña, Levante, Andalucía and Castilla y León. (…).

For the time being, the company wants to consolidate its presence in the Iberian Peninsula, although it does not rule out expanding overseas at some point (…).

With more than twenty years of experience, the group has its headquarters in Andalucía, the region where it began its activity, firstly by investing in the industrial sector and then in supermarkets (…).

Original story: Eje Prime (by B. Seijo)

Translation: Carmel Drake

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