A STRUGGLING shopping centre in Alicante’s port area is become a major business complex employing up to a thousand people.
Plans to give the Panoramis centre a fresh lease of life have been mooted for the last few years as many shops have closed.
€12 million will now be invested to transform the complex that will accommodate 50 businesses.
The work will be done by two firms, namely Panoramis Life and Business and CustomSuits.
A 25,000 square metre area will be covered with three phases of development starting this December.
All of the conversion work is expected to be completed during next summer.
No names of the companies planning to move to the Panoramis have been revealed but the developers claim that many of them are ‘international’.
Operations director for Panoramis Life and Business, Maria Latas said:
“We expect the centre to get an annual turnover of around €5 million for the rental of business units.”
CustomSuits co-founder, Javier Reina, said: “There will be a variety of businesses operating ranging from tech and digital companies through to nutritionists, family counsellors and personal trainers.”
An existing gym and a fast food restaurant will remain open at the revamped site.