Zaragoza’s New TorreVillage Outlet Will Create 1,000 Jobs

25 October 2016 – Expansión

The new TorreVillage outlet, which is being driven by the owners of Pikolin, will create 1,000 jobs over six years

TorreVillage, the outdoor shopping outlet that is due to be built in Zaragoza, has finally been given the green light after a year and a half of debate. The concerns of Zaragoza en Común (ZEC), the political party that now leads the Town Hall in the Aragonese capital, have been set at bay by an alternative proposal, which has been backed by votes from the opposition parties: PP, PSOE and Ciudadanos.

The project involves an investment of €60 million and the property developers expect to create more than 1,000 direct jobs during the first six years of activity. The initiative is being drive by Iberebro, the real estate company owned by the Solans family, which also owns Pikolin. The outlet will be constructed on a site that has, until now, housed the central headquarters of that company, which is moving to the Zaragoza Logistics Platform (Plaza).

The shopping outlet will comprise a fashion village, an international centre for business innovation, a restaurant and concert area, an area for large format retail stores and 2,000 free parking spaces. It will house approximately 90 stores from leading brands, offering discounts of between 30% and 70% and its goal is to complete with the villages already in operation in Madrid, Barcelona and Toulouse.

The goal is to attract visitors from Aragón, País Vasco, La Rioja, Navarra, Soria, Lérida and the south of France, as well as to capture some of the traffic travelling to the Pyrenees from Madrid and the Community of Valencia. In this way, it seeks to benefit from the geostrategic location of Zaragoza, by adopting a similar philosophy to the one followed by the developers of the Puerto Venecia shopping centre, also located in the Aragonese capital, which opened in 2012 and which is one of the largest shopping centres in Europe.

Original story: Expansión (by Marcos Español)

Translation: Carmel Drake

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