With an aggregate investment of €48 million and the creation of 380 new jobs, the developer and manager of Proximity and Convenience Retail Parks, BATEX & DUPLEX, plans to inaugurate three of the projects in which it has been making progress in 2023, according to the planned schedule , in recent months.
Estepona Park, a purely urban project, located on Avenida Juan Carlos I, next to the Felipe VI Municipal Auditorium and the Athletics Stadium, has a gross leasable area of nearly 6,000 m2, and will feature the presence of Kiwoko, Sprinter, Primaprix, KFC, Alta Fit and Flipa Jump, among other operators. The plot is located adjacent to ALDI, in operation.
Trocadero will be the first Commercial Park located in the urban center of Puerto Real (Cádiz), a few meters from the houses of the historic municipality of Cadiz, becoming an extension of its commercial streets.
More than 50,000 residents and nearly 10,000 university students from the Cádiz Campus, also a few meters away, attend, who have never had a modern commercial offer.
Carrefour Supeco and a major international hamburger operator are the initial anchor of this commercial development. The plot has an area of 46,500 m2, on which some 10,000 m2 will be built in a first phase.
Located at the foot of the AP-4 motorway, it will be a stop for Line 2 of the forthcoming Bahía de Cádiz Metropolitan Tram, which will link the capital of Cadiz with El Puerto de Santa María and Jerez Airport.
Finally, on the MyO Gandía Retail Park, acquired at the end of 2021, and with a surface area of 32,680 m2, BATEX & DUPLEX is working on the expansion of a 2nd phase, with approximately 5,000 m2 of sba.
The presence of Decathlon, Kiwoko, Jysk, Norauto, and Leroy Merlin, among others, will be joined by a supermarket, two free-standers, leisure, and specialized international retailers, which will mean the consolidation of MyO Gandía as the most important commercial center of the Safor region.
According to Rafael Franco, CEO of BATEX, “in a context of greater uncertainty due to high inflation and rising interest rates, the Proximity and Convenience Retail Parks are one of the most resilient assets for investment, as they meet primary needs of the day-to-day of the residents next to these complexes”.
Batex & Duplex continues to fulfill its Strategic Plan for the expansion of this type of surfaces. For the 2022-2024 period, it foresees an aggregate investment of 255 million Euros within a current pipeline of twelve projects.