Gran Turia Shopping Centre, Xirivella, Valencia

The project:

  • The centre was purchased in 2020.
  • Estabona is responsible for managing the assets to execute the business plan, significantly improving the value of the asset with a strategy based on daily retail, leisure and food.

The initial situation:

  • A two-storey retail and leisure centre with a GLA of 58,000 m² and 3,000 car parking spaces. This is an urban centre located next to the V-30 Valencia motorway.
  • The centre has various owners including Carrefour.
  • Anchors: Carrefour, Cines ABC, the Dreamfit gymnasium, Sprinter, Cortefiel, La Tagliatella, Foster’s Hollywood, McDonald’s, etc.
  • Most of the ground floor is unoccupied. Footfall, sales and occupancy are decreasing.