Costa del Sol: Bacardi buyout in Malaga

PORTUGUESE group Sonae, owner of the Plaza Mayor shopping and entertainment centre, is in negotiations with Bacardi for the purchase of the land of its old plant in the Santa Teresa estate to carry out a large logistics project that could cover a total area of ​​240,000 square metres.

It’s been 12 years since Bacardi closed its facilities in Malaga after more than three decades of production. One of the reasons was the discontinuance of the distillation of sugar cane molasses in the city, essential for the production of spirits. Forcing the bottling of their rum to be transferred to the factory of Mollet del Vallès, in Barcelona.

In recent months, Sonae has taken the step to buy the land and has signed a reservation agreement. It would be the second incursion in Malaga of the group after the Plaza Mayor centre, which is due to expand with a luxury outlet that will open its doors in the coming months. Not only do they have business divisions of shopping centres, but they also extend their activity to other branches of real estate development.  

The Bacardi properties cover not only the 75,000 square meters of the manufacturing and bottling plant, and the historic protected farmhouse for the celebration of events, but also another 165,000 square metres that are still to be developed as a business area.