Milligan Spain team seeking next project after completion of Zubairte, Bilbao
The Milligan Spain team is now actively searching for its next project, after completing a five-year period of asset management, at Zubiarte in Bilbao. This was preceded by a €8 million refurbishment, concluding in 2018, which transformed Zubiarte itself and saw some exciting stores and restaurants openings, such as the IKEA concept store. During our involvement Zubiarte has helped several organisations, a standout initiative was the support we gave to the Walk on Project. We are very proud to report that despite Covid-19 the centre maintained full occupancy and before restrictions was reporting a +40% uplift in footfall and had tripled its net operating profit.
Also we are very pleased to say that Zubiarte now is important to the fabric of the city of Bilbao as a destination.
We’re immensely proud to have had such an impact on a destination so important to the city of Bilbao and its community. We wish its owners ASG the best of luck with this fantastic asset and Bilbao icon.