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Octagon & Orion will Invest €400M in Sevilla Park

Posted by: In: Real Estate 14 Mar 2018 Comments: 0 Tags: , , , , , , , , , , ,
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13 March 2018 – Eje Prime

Sevilla Park has a start date. Construction of the concert venue and shopping centre is going to begin in March 2019 and will involve an investment of €400 million by the promoters of the project, the marketing and entertainment agency Octagon and the investment fund Orion.

The two companies have reached an agreement with the Town Hall of Sevilla to start building work on land in the Port of the regional capital. Nevertheless, the President of Octagons S2, Xavier Bartrolí, said at a press conference that, if the deadlines are not adhered to, it will be very difficult for the project to continue in Sevilla.

“It is not that we lack energy, but there comes a time when you start to feel a little fatigued”, recognised the director, whose plan with Sevilla Park is for it to start operating in 2020, the year in which the first international artists will be hosted in the space following 18 months of construction work, according to ABC de Sevilla.

The obstacle that the property developers had found until now was the transfer of some CLH deposits to another location from the port, a pitfall that has now been overcome, although it has resulted in an extra cost of €30 million for the investors.

Original story: Eje Prime

Translation: Carmel Drake

The post Octagon & Orion will Invest €400M in Sevilla Park appeared first on Aura Real Estate Experts.

Source:: AURA Real Estate Experts

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