Modoo Shopping Centre, Oviedo

Present.

  • Estabona together with its partners acquired 100% of a Spanish company that co-owns the 40,000m2 Modoo Shopping Centre in Oviedo in December 2017.
  • The centre forms part of an in a emblematic building (designed by Santiago Calatrava) which includes the city´s exhibition and conference centre, governmental offices and 4 * hotel.
  • The tenant mix model is principally oriented to fashion and has not evolved to find its place in the city.

Project:

  • Consolidate 100% ownership of the shopping centre at property level.
  • Execute a business plan focused on defined market needs with a deep understanding of local requirements.
  • Develop synergies with other uses in the building
  • Create social value in the centre as part of its repositioning strategy.