Spanish retailer Eroski says it is eager to resume an ambitious project for 2017; the construction of a large shopping centre in the Galician province of Ourense.
The proposed development would feature a hypermarket, 80 shops and 2,472 parking spots.
The company is waiting for the Consello de Ourense (Ourense's local council) to approve the Plan Xeral de Ordenaxión Municipal (PXOM), which would grant the retailer permission to build its shopping centre on the proposed site.
Having already invested €30 million out of an expected €100 million in the project, a representative for Eroski told Galician newspaper Faro De Vigo, "There is no going back."
The company considers this project to be a long term investment, which will span the next 20 or 30 years.
When asked about El Corte Inglés’ recent purchase of a site in the same area, the Eroski spokesperson said that the company did not consider this a threat to the project.
The representative explained that the retailers have very different business models, and that "El Corte Inglés doesn’t build classic shopping centres, they have hypermarkets with some shops."
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Gabriela Guédez. To subscribe to ESM: The European Supermarket Magazine, click here.