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CANNES-Testa, a subsidiary company of Vallehermosa, has paid €75 million ($75 million) buying a 405,500-sf shopping centre scheme due to open in Pamplona, Spain, in 2004. Local developer AC Itaroa was the vendor.

AC Itaroa sold a 66,000-sf chunk of the development to department store El Corte Ingles earlier in the year, which plans to open a supermarket and electrical store there.

The centre will have 106 units in total and 2,200 parking spaces. Retailers already committed to it include all the Inditex brands–Zara, Massimo Dutti, Bershka, Stradivarius, Kiddy’s Class, Pull&Bear, Often and a new household goods brand–and Arana Sports. There will be a 12-screen Cinebox cinema, a sports pavilion, gym and healthcare spa.

Jones Lang LaSalle acted for AC Itaroa.

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