Published: 28 July 2021
Why Media Spain, Resolute Asset Management and BNP Paribas Real Estate working collaboratively on La Marina’s Retail Park for the past two years are incredibly pleased to have achieved this “best possible outcome” for the scheme.
La Marina Retail Park Summer 2021
It has been an incredible year, with all management parties focused on surpassing 2019 commercial objectives as the whole of Europe moves beyond COVID, but to move the Retail Park to 100% occupancy for the first time since 2010 is a really positive sign for La Marina but also the wider retail space in Spain and Southern Europe. Spain's retailers are working hard and fighting back after a challenging 18 months and Mimma GALLERY is a fantastic furniture retailer that operates across Spain.
La Marina Retail Park with the new addition of Mimma Gallery.
Gerry Martin, Senior Asset Manager from Resolute Asset Management that is behind the scheme enhancement explains “We have taken a step by step and proactive approach to working with the current retailers at La Marina’s Retail Park and Shopping Centre are engaging with new operators that want to be part of our long term vision for the Retail Park, we will continue to ensure the centre is fit-for-purpose and operates successfully for our tenants”.
Rowen Squibb, CEO of Why Media went onto say “Wow, to achieve 100% occupancy is a testament to the joined up and proactive effort we have collectively taken at the scheme the environmentals and the marketing both online and offline have been changed beyond recognition over the last 12 months and we are pleased to be part of La Marina Retail Parks success story and support the role retail plays in the local community both in job creation and as a leisure destination”.
Olga Hernandez Centre Manager from BNP Paribas Real Estate added “Not since 2010 has the Retail Park been at full occupancy and I am immensely proud to be working with Resolute Asset Management and Why Media in achieving these types of commercial success stories that will ensure the prosperity of both the Retail Park and Shopping Centre and more recently the completion of the developments works on roof terrace - fantastic work by all involved!”
La Marina Retail Park
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