Tag: Bricomart

Terrassa Plaça Retail Park Will Open On 3 November

27 October 2017 – Press Release

Terrassa has a new retail park, in the form of Terrassa Plaça. With a gross leasable area (GLA) of 30,535 m2, the new complex will be officially inaugurated next Friday 3 November. The event will be attended by authorities from the Generalitat de Cataluña, the Town Hall of Terrassa and representatives of the centre’s operators and Citygrove, the property developer.

The new centre is backed by an investment amounting to €30 million, the creation of more than 500 jobs and will house an extensive and varied retail offer: from the distribution of consumer goods and construction materials to fashion and restaurants. Citygrove’s aim with Terrassa Plaça is to cover the growing demand from the local population for these types of services. An entire commercial offer centralised in a single space.

Famous brands

This new project will open its doors with the following brands in situ: Bricomart, Mercadona, Globomoda, Altafit Gym Club, Gifi, Kiwoko, Barimueble, Sprinter, La Tagliatella, Pause&Play, Maxcolchón, Drim and Petrocat. All of them are looking to take an important step in their expansion here and to establish themselves as iconic labels in the minds of consumers. That is especially true in the case of the Italian company Globomoda, which has chosen to open its first store in Cataluña in Terrassa Plaça.

The complex is located on a plot measuring 56,000 m2 delimited by Avenida del Vallès, Calle Navarra, Avenida de las Naciones and Calle Cantabria. Its construction has allowed for improvements to the transport network in the area, with the creation of a pedestrian crossing on Calle Cantabria (…). In addition, the retail park will have an electric vehicle charging station, plus 1,000 parking spaces for cars and 70 for bikes, as well as a new bus route. Within the next few days, a new bike path will be opened between the city centre and the retail park.

Terrassa Plaça is the city’s new commercial offer and represents one of the most ambitious projects from Citygrove, the Anglo-Saxon property developer who has shaped this project. A key player in the real estate sector in Europe, with offices in the UK and Germany, Citygrove backed Terrassa from day one with the aim of turning it into a commercial benchmark project for the city, which was demanding this type of facility.

Original story: Press Release

Translation: Carmel Drake

Celsa Sells Land In Santander To Ratisbona For €1.1M

3 May 2016 – Expansión

Celsa is selling land in Cantabria. The steel group owned by the Rubiralta family, which began negotiations to refinance its bank debt (€2,700 million) a few weeks ago, is finalising an agreement to sell off some land owned by its subsidiary Global Steel Wire (GSW) in Santander. The land in question is assigned for non industrial use. The plot is located on the Nueva Montaña industrial estate and has a total surface area of 3,167 m2.

According to sources close to Celsa, the sale is expected to be completed before the end of the month, for a consideration of €1.1 million. The purchaser is Ratisbona, a German company – with a subsidiary in Spain – which is dedicated to the promotion, construction and sale of warehouses assigned to supermarkets and retail parks, and which has carried out projects for chains such as Aldi, Lidl, Mercadona and Aki.

Background

This is not the first time that Celsa is selling land in Santander. In 2014, it sold another plot in Nueva Montaña, where the chain Bricomart built a centre. In 2015, the group commissioned Aguirre Newman to sell a portfolio of real estate assets owned by GSW in Santander, Castellbisbal and Sant Andreu de la Barca (Barcelona) and Toledo.

In the context of its negotiations with the banks, Celsa has submitted an industrial plan to its lender entities, which features a lamination factory in Bayone (France) as its star project, with an investment of up to €60 million.

Original story: Expansión (by J.Orihuel)

Translation: Carmel Drake

Axiare Buys Four Retail Outlets In Almería For €20M

19 April 2016 – Valencia Plaza

Axiare Patrimonio has purchased four retail outlets in the Viapark retail park, located between Almería and Roquetas de Mar, for €20 million, according to a statement made by the Socimi to Spain’s National Securities Market Commission (CNMV) on Monday.

These four outlets, which have a combined gross leasable surface area of 15,745 m2 and more than a thousand parking spaces are leased in their entirety to Decathlon, Carrefour, Bricomart and Kiabi.

The Socimi has highlighted that these retail spaces have “excellent” visibility, are easily accessible from the A7, the Mediterranean Highway, and are located in an area of “limited” competition, which comprises a population of approximately 385,000 inhabitants, which increases during the holiday season.

The CEO of Axiare, Luis López Herrera-Oria, highlighted that, with this operation, the company is strengthening its presence in the retail outlet segment and is continuing to pursue its strategy focusing on offices.

Following this acquisition, the total investments made by Axiare increase to almost €900 million, with a portfolio of 31 assets in the Spanish real estate sector. 72% of the properties in its portfolio are offices, 14% are logistics platforms and 14% are primarily retail outlets.

For this operation, Axiare has been advised by Aguirre Newman for commercial matters and Gómez-Acebo & Pombo, Malcolm Hollis and Cushman & Wakefield in the due diligence process, meanwhile, Solvia has managed the sale of the properties on behalf of one of its clients.

Original story: Valencia Plaza

Translation: Carmel Drake