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Vélez will have a new Hipercor by spring 2003

El Corte Inglés has come to an agreement to purchase two basement areas of the building, Reyes Católicos, in Juan Barranquero Street. It will cover an area of some 3.000 m2 and will cost 4.800.000 euros. It will also offer some 100 parking spaces which will help to solve the parking problems in the old historic part of Velez . It is hoped that the new shop will help to revive the commerical centre of the town in face of the competition from the nearby shopping centre, El Ingenio.

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