€650 million theme park for Torremolinos

PLANS for a new theme park in Torremolinos are likely to be passed by town planners in principle on February 16.

British company, Intu Properties, has presented a bid of to produce a commercial and leisure facility which would be the largest in Andalucia and will feature restaurants, shops, a dry ski-slope, and wave-creating swimming pool among other attractions at a cost of €650 million. 

An initial payment of €20 million is due to be paid to the local council and thereafter an estimated annual income of €3 million would be generated.  The theme park would bring 4,000 jobs to the town. Other indirect opportunities would bring an estimated 3000 jobs in the building and opening of the park. 

The only drawback will be that the proposal must also be approved by the Junta de Andalucia which has previously rejected five earlier proposals but on this occasion, with an undertaking to introduce new sanitation measures, all parties are much more optimistic.

The British company owns 18 shopping malls across the UK, including the famous Trafford centre in Manchester, and is now looking to expand its portfolio overseas. 

Authur : Euro Weekly News

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