VALENCIA City Council has approved plans for a new shopping centre in Malilla next to the Neuva Fe which will cost over €350 million to build.
The facility will cover over 333,000 m2, with the main building accommodating 222 retailers as well as parking for 3,832 cars and 4,190 bicycle spaces.
Three additional units will include an 11-storey hotel, an office block, and a three-floor block for residential use.
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Valencia’s urban planning councillor, Juan Giner, said: “This public-private initiative will bring investment, new jobs, and growth to the city.”
Opposition socialist councillor, Javier Mateo, responded by stating that the city is ‘being saturated with shopping centres’ to the detriment of local communities and commerce.
