07/29/2019 Development, Retail

Frey develops in Spain (Lleida) an open-air shopping centre in partnership with Eurofund Group


Located halfway between Barcelona and Zaragoza and a stone’s throw from Andorra, the Shopping Promenade of Lleida will benefit from a deep (300,000 inhabitants within 30 minutes) and high-quality catchment area (unemployment rate at 8.6% much lower than the average in Spain and Catalonia) in a context of low competitive intensity (province with the lowest commercial equipment rate in Spain).

The final project, upgraded by Frey’s expertise, will propose a 55,000 sqm shopping and leisure offer with a mix of leading local and international brands, a hypermarket operated by Bonpreu, a multiplex cinema with 1,000 seats and over 2,000 parking spaces.

The building of the site is expected to start in the course of 2020 for an opening in early 2023.

On this occasion, Antoine Frey, Chairman and CEO, said: «We are pleased to announce today the launch of our first Spanish Shopping Promenade. With Eurofund, we have found a first rankand attentive partner to develop a project that perfectly meets the current aspirations of retailers and visitors. After the acquisition of Parc Vallès near Barcelona in early 2018, this transaction perfectly illustrates our Group’s strategy to develop, in France and abroad, a high-quality, secured and highly profitable portfolio».

Read the presse release

More information about Shopping Promenade Lleida

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