The Way Dos Hermanas Retail Park Postpones its Opening due to Covid-19

The retail park owned by Kronos Properties is 94% complete, but the Covid-19 situation has caused its opening to be delayed until the autumn.

Way Dos Hermanas, the commercial project owned by the real estate company Kronos Properties, has postponed its opening due to the health crisis caused by Covid-19. Now, the firm led by Saïd Hejal is planning to open the doors of the retail park between the end of September and the beginning of October, whenever the situation allows. This decision has been made in agreement with the project’s main tenants, according to the company.

Way Dos Hermanas is in a very advanced state of construction – 94% complete -, but the Covid-19 situation has made it difficult for equipment to be moved between cities and a significant number of future operators have not been able to resume their work. Likewise, “the retail park wants to ensure that the inauguration is performed with the utmost regard for the safety of workers and customers, which has motivated its opening to be delayed.” Building work at the site has now been resumed in accordance with the new health and safety measures decreed by the authorities.

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WAY has already launched two projects, one in Dos Hermanas (Seville) and another in San Cibrao das Viñas (Ourense), which will involve investments of 90 million and a commercial area of ​​66,700 square meters.

Kronos Properties is making the leap to the commercial market, launching WAY, a firm specialising in commercial properties. The brand has a budget of 500 million euros for investments that it intends to allocate to new-generation, innovative spaces with large areas dedicated to leisure and food service.

Saïd Hejal, a founding partner and general counsel for Kronos Properties, said in a statement that “the market is demanding an evolution to the concept of commercial projects, in addition to the creation of different spaces that contribute to creating a unique experience for the entire family.”

The first two projects, both of which are already underway, are located in Dos Hermanas, Seville, and San Cibrao das Viñas, in Ourense, and represent an investment of 90 million euros for a commercial surface of 66,700 square meters.

WAY Dos Hermanas is looking to reformulate the shopping centre concept, combining large areas with recreational spaces. Construction will likely be completed in the spring of 2020 and will generate 700 direct jobs. WAY’s second project is the WAY San Cibrao, a commercial space that is expected to open in the spring of 2020 and generate 250 new jobs. With these new projects, Kronos Properties is committing itself to the commercial market after having previously focused exclusively on residential developments.

Original Story: EjePrime

Translation: Richard Turner