The shopping centers that the capital residing in Las Palmas have brought to bankruptcy due to the presence of owners from the capital of Gran Canaria living in the tourist area of Playa del Inglés have begun to receive the brakes from the banks to formalize viability plans due to the presence of non-tourists in the surroundings. The reason makes all the logic in the world and highlights how real estate agencies, mostly from Vecindario, sold buying apartments as an investment and now have the fate of the economic capital of the Canary Islands trapped. The funds have an appetite to buy shopping centers and put an end to the problem of the dispersion of owners who block operations, but not with the scheme that exists in Playa del Inglés. Eurofund, Hines, Nuveen, Unibail-Rodamco-Westfield, Ares and Redevco, Benson Elliotm the German ASG, Kennedy Wilson, Merlin have the south of Gran Canaria on their agenda waiting for the municipal shield that protects individuals in areas to be blown up. tourist.
The GC-500 strip is the name that delimits the tourist area from the residential area in the south of Gran Canaria, the coastal area is the tourist area, and the inland area is where the workforce lives. In the tourist area there is a regulatory Diogenes syndrome that slows down an increase in tourist spending. As a result of the 2008 crisis, many investors began to buy land to live in a tourist area after the family crises that arose, as well as many Europeans fleeing European tax pressure. The arrival of platforms such as the American Airbnb has finished sinking the south of Gran Canaria, which lives under the lack of definition of a local and regional legislative iron dome. The reason is the experience acquired because when Hispania bought a total of 77 rooms for 1.183 million euros distributed among Dunas Don Gregory, Dunas Suites & Villas, Dunas Maspalomas and Dunas Mirador, no one noticed that in tourist areas close to the venues there are neighbors living and registered in those spaces. "Profitability is narrowed and shopping centers cannot be renewed if there is not a 100% tourist clientele."
This is because resorting to European funds is illegal for the purposes of tourist renewal because "it is evident that the population is not touristy," a source from the financial sector told Maspalomas24H who recalled, for example, that the Bankinter Socimi that owns the old Meliá Tamarindos "has obsolete shopping centers and has caused that even the renovation of the hotel itself has been configured so that its tourists do not transit obsolete commercial areas."
Funds such as Blackstone have begun to invest in shopping centers such as Camino Real Shopping and Leisure Resort, a 250.000 square meter project in front of the Madrid-Barajas airport. "If the land in Playa del Inglés is regulated as it should be, surely Blackstone would bet on renovating the shopping centers in Playa del Inglés because it would benefit its assets, but with this disaster it is impossible," said the same source.
