FADESA Group and VID Group have reached an agreement for the running of three Recreation and Leisure Centres as part of three residential developments currently being developed by FADESA in Morocco. In addition, both companies have agreed on the management of premises in the Shopping Centres that FADESA is developing at the Costa Esuri Casas & Golf residential development in Ayamonte, Huelva.
Therefore, VID Group will be responsible for running a Bowling Alley and a children's Leisure Park that FADESA is promoting at the Mediterrania Saïdia Resort, as well as the Bowling Alley at the luxury Palmerai Mall Complex in Marrakech. Through this agreement, FADESA happens to count on a company with expanded experience in the sector.
The agreement, signed by Manuel Ángel Jove Santos, Managing Director of Subsidiary and Affiliated Companies and Second Vice-President of FADESA, and Isabel Rodriguez Soto, President of VID Group, covers a period of five years. Through this agreement, FADESA happens to count with a company with expanded experience in the sector.
On the other hand, VID Group is continuing its expansion strategy, which is focussed on nearby countries, as well as the consolidation of its franchise system within Spanish territory.