A model of the Puerto Ademuz centre - Eurofund Investments
A British investment fund has chosen Paterna in Valencia to invest 500 million € in a new commercial centre. The investment will be 200 million € higher than that given the money spent by the companies which take up home in the centre.
Eurofund Investiments area to build the large complex on a half a million square metre plot.
Eurofund is already the owner of two other commercial parks in Spain and says the new project next to the CV-35 road, opposite Heron City will be called Puerto Ademuz.
The British fund has been planning the centre for some nine months, and CEO of Eurofund in Spain, Ian Sandford, said they already had agreements with many of the businesses.
Paperwork is also before the local Town Hall for the development of the zone. The centre will have the usual galleries of shops, but also some far larger areas for bigger clients. There will also be a leisure park around an artificial lake which will offer ice skating, water skiing and artificial snow for skiing.
The plot is one of those offered to IKEA to open their first store in Valencia, and Eurofund says it is open to stores who find their project attractive, but it’s thought that IKEA would rather develop its own centre.
Eurofund hope that if all goes well, construction could start in three years.
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