Real estate group Riofisa has announced it is to develop a 38,000 m[sup]2[/sup] business park in the Leganes district of Madrid. The Spanish company said the park will require an investment of around EUR 50 mln and construction work is to begin soon.
Real estate group Riofisa has announced it is to develop a 38,000 m2 business park in the Leganes district of Madrid. The Spanish company said the park will require an investment of around EUR 50 mln and construction work is to begin soon.
The development is located in an industrial area, near the Tribeca Sur complex, which is also being developed by Riofisa. This other project provides a 130,000 m2 built-on area and its completion will include an investment of about EUR 190 mln.
The group is specialised in the development of shopping centres. In July 2006 it listed on the stock exchange. It has invested some EUR 550 mln in Rumania and Bulgaria for the development of shopping malls and Mario Losanto, Riofisa’s chairman, said the company plans to invest EUR 3 bn in developments before 2010.
