Retail

Developers of Shopping Centre are claiming 45 million euros in damages

The Ses Fontanelles shopping centre site

The Ses Fontanelles shopping centre site at Playa de Palma, Majorca. Archive photo | Photo: Mallorca Magazin

Majorca Daily Bulletin reporterPalma28/11/2019 17:47
TW
1

The 225-million-euro Ses Fontanelles shopping centre at Playa de Palma, Majorca was supposed to be up and running by the end of 2016, bringing nearly 5,000 new jobs to the area.

However the developers were forced to go to court time and again to try to secure authorisation for the building work. They were denied the necessary licences for the project until October last year.

The owner, French real estate group Unibail Rodamco (URW), estimates a 217 million loss of profits if the project does not go ahead.

Also in News

Now Ryanair asks staff to return cash from their wages in Spain

Kanye West and Bianca Censori are once again the centre of attention in Mallorca with a controversial outfit

Kanye West and Bianca Censori are once again the centre of attention in Mallorca with a controversial outfit

Super yacht heading for Andratx.

His plane was offered to Donald Trump, his yacht heads to Andratx

Tourists by the Cathedral in Palma, Mallorca

Welcome and security: Balearic Government's message in the face of tourism protests

Most viewed
Most Commented