Licampa 1617 plans to invest more than €35 M in the Casal España Arena de València project in 2021

Part of this amount is earmarked for the construction of the new “Les Arts”public school and the execution of the first phase of the Arena works

The construction of this phase is currently under way with the ground excavation down to -2 metres and the execution of the slurry walls already completed, and the goal is to move into Phase 2 in the second half of this year to be able to start on the structure of the complex

Approximately 40 suppliers are participating in the project, providing employment to over 100 people

The total amount estimated to finance the project is approximately €220M, which will be paid for in full from the personal wealth of Juan Roig

Valencia, 29 June 2021 – Licampa 1617, a company of Juan Roig created expressly to build a sustainable Arena in the city of Valencia, plans to invest more than 35 million euros in 2021 to advance the Casal España Arena de València project. The construction of the complex, which as of today has been under way for one year, is expected to become a nationally and internationally renowned multi-use space for hosting sport, cultural and entertainment events, which will contribute to putting both the city and the Valencian Community on the map.

Part of the amount estimated for this year is earmarked for the construction of additional infrastructure that will benefit the neighbourhood, such as a new and modern space for the “Les Arts” public school, works on which began in mid-November 2020 and which is scheduled to open for the upcoming school year.

This amount is in addition to the approximately 20 million euros that have already been invested since the project began, which form part of the estimated €220M total cost of the project, an initiative of Juan Roig, whose investment is fully funded from his personal wealth, and to date more than 40 suppliers have participated in the project, providing employment to over 100 people.

For the works on the Arena, the ground excavation down to -2 metres and the slurry walls have already been completed, and water is currently being extracted from the water table, which is being redirected to irrigation channels near the lot.

The plan is for the ground excavation down to seven metres in depth to be completed and the special foundations to be laid during the summer, to be able to move into Phase 2 in the second half of this year. Said phase includes the concrete and metal structure of the complex.

Characteristics of the Casal España Arena de València

This Arena, which is possible thanks to a public-private partnership, is located on Ángel Villena, Bomber Ramon Duart and Antonio Ferrandis streets (next to the L’Alqueria del Basket and the Pavelló Font de San Lluís), and it will span a total built area of approximately 47,000 square metres, with a maximum capacity of 15,600 spectators in basketball mode and 18,600 in concert mode.

The project also includes the construction of an underground and aboveground car park with approximately 1,300 parking spaces, the construction of the new headquarters of the Valencia Basket Club, a 1,200 square metre multi-use room, restaurant areas, and a wide range of business premises, terraces and premium areas.

Licampa 1617 – Casal España Arena de València

Licampa 1617 – Casal España Arena de València falls under Juan Roig’s Legacy Project, and like its other initiatives, such as the Marina de Empresas, Fundación Trinidad Alfonso, Valencia Basket Club, and L’Alqueria del Basket, it aims to share with the city of Valencia and the Valencian Community some of the bounty Juan Roig has received from it.