Finestrelles Shopping Centre Opens with a 98% Occupancy Rate

27 November 2018 – Eje Prime

The Finestrelles shopping centre has fired the starting gun. The complex, located in the Catalan town of Esplugues de Llobregat, on the outskirts of Barcelona, has opened its doors today after two years under construction.

Finestrelles, which has a commercial surface area of 40,000 m2, spread over five floors, has opened with an occupancy rate of 98%. The complex contains 110 stores, with tenants of the calibre of JD Sports, Mango, H&M, Zara and other Inditex chains.

For the construction of the shopping centre, which is owned by the Belgian real estate firm Equilis, an investment of €120 million has been made and 1,500 direct and indirect jobs are expected to be generated. Moreover, the complex is expected to attract 8 million visitors during its first year given that it is located along one of the main entrances into Barcelona.

Initially, Finestrelles was scheduled to open at the beginning of October, but according to the construction firm, due to the poor meteorological conditions, a decision was taken to delay the opening until the end of November.

Original story: Eje Prime 

Translation: Carmel Drake

Equilis Sells Part Of Finestrelles Shopping Centre Project

5 October 2017 – Expansión

The Belgian multinational Equilis, which is currently building a shopping centre in Finestrelles (Esplugues de Llobregat), has sold part of the real estate project to the investment manager Temprano Capital Partners, which plans to construct a hall of residence for students on the site.

The plot of land, spanning 20,000 m2, which Equilis bought last year, has a licence to build a surface area of 57,300 m2. Of that figure, the majority (more than 46,800 m2) will be allocated to the shopping centre, which is going to be called Finestrelles Shopping Center. But that means that 10,500 m2 of buildable surface area will be left over, which is what is going to be allocated to the student hall of residence. Temprano Capital is an investment manager and real estate developer that was founded in 2013.

Original story: Expansión (by Marisa Anglés)

Translation: Carmel Drake