COMPLETELY RETAIL: Intu is set to start on site next year on its Malaga shopping centre. The company is also on the look out for more opportunities in the UK.
“Our development, intu Costa del Sol will be a world-class resort,” said Martin Breeden, intu’s regional director, who added that the company is currently in the pre-leasing stages for the retail and leisure anchors.
Breeden said that confidence among Spanish consumers is on the rise again since the country has come out of recession.
Intu already has two centres open in Spain, in Asturias and Zaragoza. As well as Costa del Sol, it has three other Spanish development sites.
Breeden added that the company is still intending to grow in the UK.
“We have a £2bn development pipeline so there are plenty of growth opportunities. If anything comes along in that space we are bound to have a look,” he said.
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