Tremón Wants To Invest €300M In Málaga’s Tívoli Amusement Park

13 March 2017 – Diario Sur

The real estate group Tremón is planning to modernise the mythical Tívoli amusement park in Benalmádena, and develop the surrounding area into a retail and leisure complex. The Madrilenian company is looking to create a complex covering more than 152,000 m2, which will include two retail areas to the east of the amusement park, a green space and an underground car park with 2,000 spaces.

The plans, which would involve the transformation of Arroyo de la Miel, would see more than 57,000 m2 of land being dedicated to retail use, a hypermarket, several cinema screens, three office buildings, an auditorium and a hotel. The space dedicated to Tívoli would not change, but the park would be subjected to a comprehensive remodelling process involving the installation of 43 attractions including a space for demonstrating extreme tricks and an artificial snow dome, which would take up almost all of the southern area. The complex, presented as a large theme park, retail and leisure centre, would retain the Tívoli name.

Until now, the ownership of the amusement park has represented the main obstacle preventing this project from being carried out. Tremón bought Tívoli from the businessman Rafael Gómez, known as Sandokán and owner of the company Arenal 2000, in a huge operation that included the sale of 7 million m2 of land spread over thirty-odd properties across Andalucía.

Nevertheless, Gómez claimed that the purchase had not been completed and took the matter to the court for alleged non-payment. That situation led to the paradox that the ownership of Tívoli belonged to Tremón, but the park was still managed by a company linked to the Cordoban businessman, who was recently sentenced to five years in prison for crimes against the Tax Authorities.

According to sources in the know, Tremón has expressed its willingness to go ahead with the project, committing investment of more than €300 million, as soon as the tortuous legal process with Sandokán has come to an end. The proposal has convinced the Town Hall of Benalmádena, which is keen to expedite the administrative process on the basis that the creation of jobs and the economic impact of the complex would constitute a unique opportunity to reactivate the commercial fabric of Arroyo de la Miel. In addition, the Town Hall will pocket a huge amount of money for granting building permits and other tax revenues, which will breathe life into the very empty municipal coffers. (…).

The project would create more than 1,600 direct jobs during the construction phase, which would last for two years, and another 3,300 jobs once operational. (…).

Original story: Diario Sur (by Alberto Gómez)

Translation: Carmel Drake