Lar España to Invest €14M in the Renovation of Anèc Blau

29 January 2019 – Eje Prime

Lar España is pushing ahead with its plan to reign in the Spanish retail sector. The Socimi, which launched a €500 million investment project last year, to run until 2021, is continuing with its roadmap with three new projects in 2019. The company is planning to build one new complex this year, renovate one of the jewels in its crown, Anèc Blau, and open its new centre in Sevilla, Lagoh, at the end of the year.

Specifically, the company is going to dedicate €13.8 million to the renovation of Anèc Blau, a shopping centre located in Castelldefels (Barcelona) and which is one of the company’s best assets. The objective is to start to renovate it this year without closing the centre’s doors.

On the other hand, Lar España is preparing a new development for this year, although its location has not yet been revealed, according to Hernán San Pedro, the Socimi’s Director of Investor Relations, speaking to Eje Prime.

The third workstream of Lar’s plan for this year is the announced opening of its new complex in Sevilla, Lagoh (previously called Palmas Altas), which is going to have a surface area of 25,000 m2 and which has already reached an occupancy rate of 70%. “Experiences are going to form the centre of the complex, with a golf course, a climbing wall, a lake and a garden on the roof”, says the executive.

Lar España is planning to disburse almost €500 million between now and 2021, of which €265 million will be dedicated to building new complexes and improving existing centres and another €250 million will be for new acquisitions (…).

Original story: Eje Prime (by I.P.G.)

Translation: Carmel Drake

Parques Reunidos to Spend €15M on new Lionsgate Leisure Centre in Madrid

31 January 2018 – Eje Prime

Parques Reunidos is strengthening its commitment to forming alliances with multinational brands to open new leisure spaces in Spain. The latest company that the group has created is the film production company Lionsgate, with which it is going to develop an indoor activity centre in Madrid. Investment in the project will reach €15 million in total and the inauguration of the centre is expected to take place at the beginning of 2020.

Located next to Príncipe Pío station, the centre will have a surface area of 4,200 m2 and will house an obstacle course, a climbing wall, a state-of-the-art movement simulator, a 4D cinema and various virtual reality experiences, according to Expansión.

Similarly, a restaurant and cafeteria will be installed in the space, which will operate independently of the centre and which will not charge an entry fee.

This alliance between Parque Reunidos and producer of films such as The Hunger Games and the series Mad Men, follows several that it has signed in the past with other multinationals such as Ducati and Nickelodeon.

The group’s roadmap establishes the opening of half a dozen more centres of this kind over the next few years, with an average investment equal to the amount being spent on the Lionsgate space.

Original story: Eje Prime

Translation: Carmel Drake