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ISSUE NO. 1802
16 - 22 January 2020
Newspaper in Spain 2017 & 2018
COSTA DEL SOL
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€800 MILLION GO AHEAD TORREMOLINOS now has a free hand to begin one of the greatest transformations in its history. The Official Gazette of the Andalucian Regional Government (BOJA) published last Saturday, January 11 the General Plan for Urban Development (PGOU), which unblocks the start of work on the commercial and leisure park that Intu plans to build to the north of the Conference Centre. The d o c u m e n t c o n t emplates a growth of almost 6,000 dwellings that will result in an increase of more than 13,000 residents, according to the forecasts of
GREEN LIGHT: The €800 million project can go ahead.
the town council. This figure would give Torremolinos the status of a city with
a large population, which on paper has some 68,000 inhabitants, a figure that is ac-
tually tripled by the floating population that makes up the million vis itors it re -
ceives each year. The publication of the general plan puts an end to more than a decade of administrative battles and represents a legal guarantee for new investments after the last PGOU, which dates back to 1996, became obsolete years ago. The change with the greatest impact on the Torremolinos plan will come from Intu, the British developer who is planning a 235,000 square metre complex. As from last Saturday, the City Council can now grant licences for the work to begin. The developer has awarded the initial works, budgeted at €160 million, to a joint
venture formed by Dragados and Sando, as well as reaching agreements with some of the future operators of the complex, such as Yelmo and Gran Teatro Bankia. The direct investment planned by Intu for this commercial and leisure park, which will include a wave pool, an auditorium and a hotel, among other facilities, exceeds €800 million.