What will be northern Spain's biggest shopping park will includea 320,000-sf two-level shopping mall, a 380,000-sf retail park,cinema and factory outlet elements and an 8,000-space car park. Thejoint venture developers hope it will be worth €350 million ($350million) when it opens in 2005.

Assetalia chairman Paul Whight commented: 'The scheme can belikened to the Metro Centre in Northern England, where a majorshopping park managed to regenerate an area that had beendevastated by the closure of coal, steel and shipbuildingindustries.'

Developers expect a commercial permit for the scheme to begranted next month. They have appointed Jones Lang LaSalle asletting agent and Gabitat as project manager.

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