Transaction / Assets Seller Buyer € MM
Primark Buys New Flagship Store In Mallorca From Carrefour Property
31 March 2017 – Eje Prime
The Irish company has completed the purchase from Carrefour Property of a space where will open its flagship store in Palma de Mallorca, located in the Fan Mallorca Shopping Centre. The establishment has a commercial area of 5,700 m2, spread over two floors.
Primark’s flagship store in Palma de Mallorca will be the operator’s third large-format store in Spain. It will be exceeded in size only by the establishment that the firm has on Calle Gran Vía in Madrid and by the store it has in Granada.
Fan Mallorca Shopping, which opened its doors on 22 September 2016, involved investment of more than €190 million to secure more than 112 stores, housing international and domestic brands, such as H&M, Mango, C&A, Cortefiel, Sfera, Women’secret, Springfield; and operators such as Decathlon, Media Markt, Samsung, Artesiete Cines, Starbucks, VIPS, La Tagliatella, Udon, Pandora, Jean Louis David and Dock 39, amongst others.
The shopping centre, which generated 1,500 direct jobs and 2,000 indirect positions, has a constructed surface area of 170,000 m2 and a commercial area of more than 72,000 m2 (gross leasable area), plus 2,800 parking spaces.
Original story: Eje Prime
Translation: Carmel Drake