Lettings forge ahead at Puerto Venecia (ES)

Lettings and development work maintain their increasing momentum as Puerto Venecia looks forward to its 2010 opening, with a host of new lettings coinciding with the second phase of construction, which is now progressing at pace.

The 73,000-m² fashion mall, anchored by El Corte Inglés, has welcomed a raft of new signings including Mango, Quicksilver, Roxy, New Yorker, Cream 01 and Friday's Project and further leading brands will be unveiled shortly.

Meanwhile all infrastructure and site preparation works are complete and the second phase with a fashion mall and the El Corte Inglés store is now well advanced.

The second phase also includes the speciality retail area as well as the leisure and sports activities areas centred around the 10,000-m² lake and canal. The line-up continues to grow strongly with new lettings including Sportzone, Game, Orange, Atmosfera home, Game Station and Lizarran who join major operators, Decathlon and Toys 'R Us in this area. Top level leisure and cinema operators will be announced in the near future.

Puerto Venecia is the largest scheme ever to be built in Europe and brings together a retail park, which is already trading, with a fashion mall, leisure with sport, dining, film and adventure. The multi-faceted offer will be a major regional destination and is integrated within two landscaped parks and the lake and canal to create an exciting experience for visitors.

El Corte Inglés will trade on six floors, one of which will be a Hipercor supermarket (with a further three levels dedicated to parking), and will anchor Spain's largest dedicated fashion mall at 73,000 m² which will also be host to leading brands Primark and Desigual among others.

The retail park, with its anchor store IKEA, is the largest in Spain at 83,000 m². It is fully completed and has already welcomed over five million visitors and features leading brands such as Leroy Merlin, Media Markt, Miró, PC City and Porcelanosa.

Puerto Venecia is serviced by 10,000 parking spaces and is located five minutes from the city center with direct access from the main motorway network.

Nick Hodson, Chief Executive of Eurofund Investments Zaragoza, the developer of Puerto Venecia said, "We are delighted to be so far advanced with construction and letting as we look forward to opening in 2010 especially with El Corte Inglés now fully on site. We are already over 65% let and it shows the confidence that operators have in our scheme and the massive potential it provides. Puerto Venecia is something very special and we continue to have a high level of interest and enquiries from Spanish and international retailers".

Cushman & Wakefield is the sole letting agent.

Source: Halogen

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