en.Wedoany.com Reported - El Ingenio Shopping Center has officially launched its expansion project after obtaining the construction permit. Located in Vélez-Málaga on the eastern Costa del Sol in southern Spain, the center is developed by Grupo Sociedad Azucarera Larios, with an initial investment of €14 million, adding over 4,500 square meters of leasable space.

According to real estate consulting media Just Retail, upon completion of the expansion, the shopping center will operate over 100 stores, with a net commercial area approaching 50,000 square meters. The new store openings are expected to directly create approximately 155 jobs. The complex primarily serves residents of the Axarquía region and seasonal tourists on the eastern Costa del Sol, with the developer aiming to stabilize annual footfall at over 10 million through this project.

This project is the first step in a larger-scale development. The subsequent second phase plans an investment of nearly €100 million to build a medium-sized commercial park dedicated to home, DIY, decoration, and furniture products. The overall plan also includes integrating a new hotel and several corporate office buildings. Upon completion of all works, El Ingenio and its new satellite park will form a unified commercial destination with a total area of 100,000 square meters, supporting over 3,000 direct and indirect jobs. The complex will combine textile retail with large decoration stores, office buildings, public squares, and hotels, forming a regional commercial center model.

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