Cordish is planning to invest € 2,000 million in an important new development in Madrid

Cordish is planning to invest € 2,000 million in an important new development in Madrid

The information is not confirmed, but EFE Agency has informed recently about the plans of the American investment group Cordish, who have already presented the project to the Regional Government of Madrid. It will consist in a new business and leisure complex in Madrid

If finally the project goes ahead, it could represent the creation of around 56,000 new employments on the Region of Madrid.

The name of the resort will be Live! Resort Madrid, and will be located specifically in Torres de la Alameda. At least will include a conventions center, several hotels and restaurants as well as a considerable offer of amenities. This new project could be a great opportunity for the tourism sector in the region.

The resort will occupy around 134 hectares and the initial economic investment will be of 2,000 million euros, but this figure could be extended in further phases.

Image: Cordish Group.

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