Milligan Opens New Spain Office
Milligan and Denton Developments are delighted to announce a merger launching Milligan’s office in Spain, to be headed up by Fraser Denton of Denton Developments.
The Milligan Spain office will develop new retail opportunities in Spain, commencing with the redevelopment of Malaga harbour.
Milligan and Denton Developments first worked together in Spain on Milligan’s first project in continental Europe, the ICSC award-winning, high-profile refurbishment and repositioning of Maremagnum; which was recently acquired by Corio.
In 2004 Milligan and Denton Developments co-invested into Maremagnum, transforming it into a successful fashion and leisure destination. Maremagnum now has a 22, 000 sq/m retail area, offering an energetic mix of fashion and lifestyle stores and leisure and restaurant destinations, including: Mango, Pull and Bear, Lefties, Desigual, U Casas, Woman’s Secret, Adolfo Dominguez, Springfield, H&M, and many more. It receives over 12 million visitors a year and is a popular destination with tourists and Barcelonans. Consumer research showed that 87% of locals interviewed thought that the repositioning had made Maremagnum a much better place to shop and spend time. The research also found that average dwell time in the centre was 80 minutes, an increase of 30% in six months, and that 60% of those interviewed very much liked Maremagnum, compared to 45% of those interviewed in 2005.
Fraser Denton of Denton Developments says:
‘I am delighted that Milligan and Denton Developments have created a Milligan office in Spain and formalised a bond to continue to work together on retail projects there. Working as Milligan, a developer with a track record in developing and refurbishing retail spaces in innovative and distinctive ways, I will be looking for further retail development opportunities in Spain, in order that we can continue to succeed and develop in this exciting retail environment.’
John Milligan, Head of Milligan, says: ‘Spain is a fascinating retail market that we are excited to be bringing the Milligan brand to permanently. We are delighted to be continuing a successful working relationship with such a strong names in retail as Denton Developments.’