Sevilla has lost one of its major post-crisis commercial projects. In the end, the Alcora shopping centre, promoted by Grupo Tremon, is not going to open its doors, even though its construction was announced in 2014 with a planned investment of €167 million, according to reports from Europa Press.

The plots on which the shopping centre was going to be constructed, which have a combined surface area of 23,000 m2, are located next to the headquarters of Canal Sur TV in San Juan de Aznalfarache. The plan envisaged by Grupo Tremon involved a 3-storey building plus two levels of underground parking with capacity for 1,300 vehicles.

In 2014, the plenary of the Sevillan town hall approved a modification to the urban regulations so that the work for the construction of the complex, located on the Aljarafe cornice, could be undertaken. The views over the Guadalquivir and Sevilla were going to take centre stage in Alcora, which envisaged a large square with a lookout over the Sevillan capital.

Tough competition

Nevertheless, the collapse of this commercial project contrasts with the good times that the commercial sector is experiencing in Sevilla. The imminent opening of Torre Sevilla (the fifth tallest building in Spain after the iconic Cuatro Torres in Madrid) by CaixaBank, will be followed in the spring by the Lagoh shopping centre, Grupo Lar’s big gamble in the Sevillan retail sector.

This latter complex (initially called Palmas Altas) is going to become the largest commercial space in the city, with a surface area of more than 100,000 m2. The investment in this project by Lar España will amount to €250 million.