Inveriplus Investments Acquires 4 Gyms to Operate Under its New ‘XXII Fit Club’ Brand

16 April 2019 –

The real estate consultancy firm Inveriplus Investments has purchased four sports centres in Madrid for an undisclosed sum. Specifically, it has acquired one gym in Chamberí (Calle Alberto Aguilera, 1) and one in Las Rosas shopping centre from Urban Fitness, as well as two others in Tres Cantos and Pozuelo from another vendor.

All four establishments will operate under the XXII Fit Club brand from September and the company plans to offer additional services to its clients, besides the standard fitness offering, including beauty, nutrition, personal training and physiotherapy.

Inveriplus intends to expand its portfolio to include twenty centres by the end of 2020, before growing beyond the Spanish capital to Barcelona, Valencia, Bilbao, Sevilla, Málaga and Zaragoza.

Original story: (by P. López)

Translation/Summary: Carmel Drake

Merlin Resurrects The ‘Opción Shopping Centre’ In Alcorcón

5 October 2017 – Expansión

A beach area, a dive centre with a 15-metre deep pool, a rockodrome, and even a “mini-city for cars”. That is the innovative commercial proposal with which the Socimi Merlin Properties wants to recover the former Opción shopping centre.

Located in the Madrilenian town of Alcorcón, this establishment was one of 18 shopping centres that the real estate company acquired when it merged with Metrovacesa last year. Inaugurated in 2002, Opción was one of the shopping centres that fell victim to the economic and real estate crisis, which caused it to close its doors in 2009. Since then, Metrovacesa has considered reopening the property several times, but in the end, its new owner is going to finally re-launch the extinct centre.

Merlin’s project, known as X-Madrid, will include a different retail offer to the version typically provided by Spanish shopping centres. Spread over three floors, the ground floor will include several spaces dedicated to playing outdoor sports, such as beach volleyball and parkour (the sport of traversing environmental obstacles by running, climbing, or leaping rapidly and efficiently), a skateboard circuit, a rockodrome and a CrossFit centre.

In addition, X-Madrid will be home to Madrid’s first dive centre, with a 15-metre deep pool, which is deep enough to certify the most varied of licences, whereby avoiding the need for would-be participants to travel to the coast. In addition to the sports area, the ground floor will include a space dedicated to the world of cars, motorbikes and bicycles, as well as an ecological supermarket.

At street-level, the complex’s directors plan to open a fashion and restaurant area, including the now famous food trucks, an artificial beach and a large square (The Show Place), which will host events.

On the top floor, they are going to open a technological area, a chill out space and a cinema, as well as an area to practice extreme sports. By way of a nod to the original project, X-Madrid will also contain an area known as The Antimall, which will house a selection of tattoo shops, vintage clothing stores, as well as collectors’ items, design pieces and other items of interest.

“Nowadays, we need spaces focused on current consumers, who are looking for more technological, urban and ecological shopping and leisure experiences. X-Madrid has arisen with them in mind, and from the desire to offer something different and daring”, explains Luis Lázaro, Director of Shopping Centres at Merlin Properties. In total, the Socimi, led by Banco Santander, will invest €30 million in the project, which will include the comprehensive renovation of the building to create a retail space spanning more than 39,000 m2 of shopping area, as well as 2,100 parking spaces.

The remodelling work will begin shortly, with 70% of the retail space already reserved; the centre is expected to open in time for Christmas 2018.

With the X-Madrid project, Opción will be put on the list of centres that have been restored following their closure during the crisis, as happened with Avenida M-40 (Madrid), which has now been converted into a shopping outlet by the Venezuelan group Sambil.

Original story: Expansión (by Rocío Ruiz)

Translation: Carmel Drake

Venezuelan Group Invests €180M In Two Projects In Spain

5 July 2016 – Expansión

More Latin American investment in the Spanish real estate sector. A Venezuelan group controlled by the businessman Juan Guillermo Álamo (pictured above) is backing two projects in Madrid and Barcelona that are going to require a total investment of around €180 million. In the Spanish capital, through Ibemetex, the investor plans to invest €150 million in the transformation of the La Ermita shopping centre, which the entity acquired in 2009, at the height of the crisis in the sector.

Under the framework of the project to redevelop the land freed up after the M-30 was buried underground, an initiative actioned by the previous Town Hall of Madrid, Ibemetex managed to persuade the Town Hall to approve the demolition of the existing shopping centre and the construction of a new complex. The project involves constructing a 75,000 sqm building on a plot of land measuring 45,000 sqm, and will include homes, sports centres and a 150-room hotel, in addition to the retail space. “We are negotiating with the new Town Hall of Madrid to obtain definitive approval for the project”, said Álamo, who considers that his initiative will benefit the city and contribute to improving the area.

In addition to Álamo, Ibemetex has another high profile shareholder in the form of another Venezuelan businessman, Beto Finol, who holds interests in the lactose and livestock sectors and owns a pharmaceutical laboratory with operations in Venezuela and Costa Rica.

Ibemetex is also the owner of the Aqualon shopping centre in Huelva, another asset that it acquired at the height of the real estate bubble.

In parallel, Álamo is promoting the construction of a 125-home complex in the coastal town of Montgat, just a few kilometres from Barcelona. The project will involve an investment of €30 million and will be built on land that used to house the factory of the ice cream company Farggi, which he acquired in October 2015.

Original story: Expansión (by Sergi Saborit)

Translation: Carmel Drake