More Than 1 Million People Visit Plaza Río 2 In <1 Month

13 November 2017 – Press Release

On its first two days of opening (20 and 21 October), the Plaza Río 2  shopping centre recorded its highest footfall figures, with 86,000 visitors on each day, taking the average entry rate to 6,000 people per hour. 

Plaza Río 2 expects to receive 1,500,000 visitors between Black Friday and 6 January 2018, which marks the end of the Christmas campaign.

The Plaza Río 2 shopping centre is taking stock of its performance since it opened on 20 October 2017. And it is doing so with a round number. In just over 20 days, it has broken the threshold of 1 million visitors. This data reflects the fact that the public like the wide range of possibilities on offer there.

During its first two days of opening (20 and 21 October), it recorded its highest footfall figures, with 86,000 visitors on each one of those dates, which represents a spectacular average entry rate of 6,000 people per hour. Plaza Río 2 opened on a date that was not particularly well suited to trading, given the weather, which makes the 1 million visitor figure even more impressive. If we look at the days of the week that have received the most footfall, Saturdays are the busiest day so far, followed by the bank holidays.

In terms of where the visitors are coming from, it must be said that they are arriving from both sides of the banks of the Manzanares River. Plaza Río 2 represents a breath of fresh air for the area from a commercial perspective and, moreover, has managed to entice people from other parts of the capital. In short, the new public is on the lookout for new leisure spaces. The managers of the centre are very happy with the results obtained so far and state that they hope to receive 1,500,000 visitors between Black Friday and 6 January 2018.

With 160 establishments filling its 40,000 m2 space, the centre managed by the property developer Sociedad General Inmobiliaria de España (LSGIE) offers a unique shopping experience that has been enhanced by a very interesting gastronomic proposal. The Mirador de Plaza Río 2, with the largest restaurant terrace in Madrid (3,000 m2), is home to 9 dining premises, catering for every culinary taste.

With an investment of €200 million and 100% of the stores leased before it opened, the centre has created 1,800 direct jobs and provided employment to 2,000 people during the construction phase. Moreover, it has managed to attract brands that are not typically found in shopping centres, such as the case of Victoria’s Secret, Armani Exchange and H&M Home.

Plaza Río 2 comprises 6 floors, 3 dedicated to shopping, 2 to parking and 1 to dining. Its modern, urban and state-of-the-art style has made it a commercial attraction for visitors to the Matadero and Madrid Río, as well as for residents of Usera, Arganzuela and Madrid centre. Natural light is the main protagonist of the building, which is equipped with the most advanced systems in terms of energy efficiency and sustainability. It has 35 bays for recharging electric vehicles and the building’s lights automatically adjust the intensity of the light they emit depending on needs.

The French property developer Sociedad General Inmobiliaria de España (LSGIE) has been responsible for undertaking this project, which represents its eighth shopping centre in Spain and its fifth in the Community of Madrid, after it first ventured into the capital in 1983 with Madrid 2 La Vaguada.

Original story: Press Release

Translation: Carmel Drake

Altamira Will Put 8,000 New Homes Up For Sale Before 2018

8 March 2016 – Expansión

The subsidiary of Apollo and Santander is in the process of constructing 217 residential developments across Spain.

Altamira Asset Management has started to construct more than 5,850 homes in the last three years and has delivered almost 4,700 completed homes in the last two years, as a result of its land development activity.

Thus, on the basis of the developments that it current has underway in various phases, Altamira estimates that it will put more than 7,948 homes onto the housing market over the next three years.

It currently has 217 developments in progress across all of the autonomous regions, which include 7,948 homes in total, figures that place it at the head of the ranking of the market for new property developments in Spain.

Of these developments, 102 are in the construction phase and include 4,480 homes, of which 49% have already been sold, according to internal data from the company.

Another 33 developments, containing 808 homes, are in the marketing phase, with 21% sold; the construction work will start at these sites once at least 30% of the homes have been sold.

A third group of developments (82 units containing 2,660 homes) are in a preliminary management phase, waiting for the marketing phase to start, which is expected to happen within the next six months.

Altamira’s Director of Business Development, Francisco Moreno, stressed that these figures mean that Altamira is “the largest manager of real estate developments in Spain and one of the largest in Europe”.

“We are leaders in the development of land and the construction of new homes in Spain and we want to continue to promote this business line with new investors and land owners who want to develop profitable projects”, he added.

Original story: Expansión

Translation: Carmel Drake