26 March 2018
In 2017, the sporting goods chain of stores, owned by JD Sports, paid 15 million euros for occupied land in the Las Atalayas industrial estate, covering 39,000 square meters, and plans to spend another twenty million on a warehouse.
The group already spent around 15 million euros last year for the 39,000-square-meter plot of land, according to JD Sports’ financial reports for the first half of the year. The land has an additional area for potential future expansion.
In parallel, the company has begun the construction of a logistics warehouse in Las Atalayas, which is expected to cost about twenty million euros. JD Sports anticipates that the bulk of this investment will impact its results for the second half of 2017 (from August 2017 to January 2018).
Sprinter plans to start up eight new stores in Spain throughout 2018, reaching 140 functioning stores in the country. The company also expects to increase its turnover this year, reaching more than 240 million euros in net sales.
Original Story: EjePrime
Translation: Richard Turner
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Source:: AURA Real Estate Experts