Oct 03, 2019

Role: Developer/Owner (through joint venture with Activum)/Asset Manager
Status: Fully operating asset in Spain
Uses: Retail and F&B

Bilbao’s Zubiarte has seen an €8 million refurbishment headed up by Milligan Spain.

Finished in December 2018, the stunning transformation of the scheme has seen some very exciting store openings in the modern and attractive centre, including a trailblazing IKEA concept store. Here customers can create custom designed rooms alongside IKEA interiors and design experts. The experts even offer a home-visit service to truly understand the needs and individualities of a customer’s home, followed by purchase support, including collection, transport and assembly services.

Zubiarte’s makeover included an enhanced F&B offering with two exciting new restaurant openings, Dinamico & Santo and Bizkarra & Co. Ideally suited to Zubiarte’s cosmopolitan and chic atmosphere, the two new restaurants are open for business, offering visitors fresh culinary options while they shop.


  • It has been an extremely successful project with more than 30% footfall increase year on year (comparing Jan 2018 to Jan 2019)
  • Occupancy over 99% on GLA