DCL is Bullish at Puerto Venecia in Spain

December 19, 2011

Davis Coffer Lyons’ Development Leasing team has been appointed by Eurofund Investments Zaragoza SL, a joint venture between British Land and Orion Capital Managers, to consult on its £1billion scheme Puerto Venecia scheme in Zaragoza, in the Aragon region of Spain.

Puerto Venecia will be Europe’s largest retail and leisure destination, comprising 2.1 million sq ft of fashion, sport, retail, dining, recreation and adventure activities, scheduled for completion in Autumn 2012.

The shopping mall and leisure offer, currently in the second phase of construction, will complement the already existing successful retail park anchored by a 34,000 sq m (366,000 sq ft) IKEA. El Corte Ingles will anchor the c.75,000 sq m fashion mall and other retailers committed include Primark, who will open their largest store in Spain at approximately 7,000sqm. Inditex, one of the world’s largest fashion retailers, will also be opening stores for alll of its brands which include Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterqüe. McDonalds has also opened a drive through site on the periphery of the scheme.

Davis Coffer Lyons has provided a food and beverage strategy as part of the second phase that will set the offer apart and deliver an exciting line up of restaurants and cafes never before seen in a shopping environment in Spain.

Alice Keown, Associate Director at Davis Coffer Lyons’ Development Leasing team, said: “The canal and lake on site creates an exceptional environment for the restaurant operators being targeted for this scheme. Puerto Venecia is one of the most exciting shopping and leisure centres in development in Europe and provides one of the best opportunites for European operators who want to expand their brands.”