A British company wants to invest 650 million € in a theme park in Torremolinos

By | February 15, 2016

The commercial and leisure centre would be the largest in Andalucía which Intu Properties wants to build between the Congress Palace and the motorway. Diario Sur has gained access to the estimations placed by Intu Properties with a total investment of 650 million € for the project and another indirect investment of 550 million by the operators of the park.
intuProperties

The leisure park will have shops, restaurants, walkways, a ski run, and wave generating swimming pool where surfing will be possible, among other attractions, with the creation of 4,000 fixed jobs and another 3,000 indirect in the building and opening.

Torremolinos Town Hall will gain an initial income of around 20 million €, 15 of which for licences, some 20% of their annual budget. In addition Intu would have to pay IBI local rates of three million € annually. The agreement with the British company is already signed and will be printed in the next Provincial Official Bulletin (BOP) this week. Intu has given an undertaking to integrate their park into the landscape with the additional commercial centre and will spend some 300,000 € on local sewage and infrastructure works in the area known as ‘la Cañada de los Cardos’.

The town planning councillor and first deputy mayor, Maribel Tocón, presented the PGOU to the media last Friday, a revision which has been under debate since a decade ago and which the Junta de Andalucía has rejected on five occasions, the last time was last year for not including the necessary modifications needed for improved flood protection. The new local government team has maintained several contacts with the regional administration to include the required changes.

The planning meeting tomorrow is expected to pass the project, despite initial concerns from Costa del Sol We Can (an affiliate to Podemos) which have accepted later amendments. Following the local approval, the document will be examined by the Junta. Municipal technicians are confident, once the flood protection is secured, the regional administration would be positive and have five months to make their decision.

Intu Properties cannot start work until the local PGOU is approved. If that is a fluid process the construction can start this summer and be completed by 2018.

One thing of note – the new PGOU has reduced the number of projected new built houses by 4,000 to moderate the urban expansion.

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