10 August 2018
The official inauguration of Vidanova Parc is scheduled for September 27, according to Lar España Real Estate’s project director, José Antonio García. The shopping centre will thus open to the public on the last weekend of September. However, the new shopping centre, the most important one between Valencia and Castellón, is already operating on a partial basis, since Leroy Merlin opened its doors to the public on June 22 to take advantage of the summer months, which are some of the most important, in terms of sales, for the French multinational.
Mr García highlighted the fact that 100% of the stores have already been allocated to different operators. As has been reported, Vidanova Parc will have about 40 top-flight brands, including Leroy Merlin, Decathlon, C&A, Worten, Urban Planet, Yelmo Cinemas, Norauto, Fifty Factory, Conforama, Casa y Más y Más, guaranteeing a well-rounded commercial offering encompassing sports, DIY, fashion, entertainment and leisure. There will also be a food hall, with restaurateurs such as Grupo Vips (Ginos and Smart VIPs), Burger King, KFC, Lizarrán, Volapié and Pans & Company, among others.
The stores will be dispersed among the more than 45,000 square meters of gross lettable area at the complex, which occupies a total of 120,000 square meters, including parking for more than 2,350 vehicles.
Lar España Real Estate stated that Vidanova Parc has an excellent location, considering that nearly 250,000 people live close to the shopping centre, and also factoring in the thousands of tourists who spend their vacations in the region.
The shopping centre underwent a total investment of some 93 million euros. Lar España Real Estate contributed €53 million, while different operators contributed the rest. One of the larger secondary investors was Leroy Merlin, which opened an 8,000-m2 store within a 10,000-m2 plot of land, investing 17 million euros.
Inauguration initially slated for 2012
On February 9, 2012, at the offices of the company Alser, Julián Castelblanque and José Antonio García, a press conference was held to present a project for the then-named Cruce de Caminos Shopping Centre, whose opening was scheduled for 2014. However, the project had to overcome all sorts of obstacles and complications that eventually tripled the time needed to open the mall, because instead of 2014, it will finally be inaugurated in 2018, four years later.
Original Story: Eleconomico.es
Translation: Richard Turner