At the end of last year we knew that the Spanish company Inditex had acquired in Palma de Mallorca the building of 3,000 square meters located in the Paseo del Borne, where for years the Zara store have been located, the last time that Inditex acquired a property was in London in 2012 at the corner of Oxford and New Bond street.
Mallorca has become a clear target for international fashion brands that are in process of expansion, the island receives approximately seven million visitors every year from all corners of the world that has led it to live a moment of boom commercial unprecedented.
Brands such as Max Mara, Gucci, Michael Kors, Zadig & Voltaire, Pretty Ballerinas, Scotch & Soda, Sunglass Hut, Brandy Melville, American Vintage, Urban Outfitters, Cos, Twin-Set or Mulberry are looking for space on the most exclusive shopping areas of the island while large groups like Inditex and Mango are working to expand its presence in it.
The island capital, Palma, has three important and distinct business areas, the first consisting of the Paseo del Borne, Jaime III and calle Unión , the second is Calle San Miguel and the third is the Avenida Alexandre Roselló.
Borne area is the most exclusive of Palma de Mallorca, in it are shops of luxury brands like Louis Vuitton, Hugo Boss, Rolex, Carolina Herrera or Twin Set coexist with other establishments such as Massimo Dutti, located in the recently restored Ca’n Alomar palace, Uterqüe and the eclectic Rialto Living. Calle San Miguel is the second most expensive area, in it you can find mid-range brands such as Inditex brands, Sfera, Desigual, Camper, Mango, On Top, Mac or Calzedonia group. The lack of space in this shopping area is leading brands interested in nearby streets like Via Sindicato that is called to live a renewal of its commercial profile.
Finally, Alexandre Rosselló Avenue is the most demanded by low cost fashion chains like Zara, Stradivarius, Bershka, C & A, Springfield, Mango and Women Secret and El Corte Inglés.
Living in the center Palma de Mallorca supposed to do it in the centre of one of the most exclusive and cosmopolitan capitals of Europe, if you are interested in buying a luxury apartment in the old town of Palma de Mallorca do not hesitate to contact Mallorca Property.co.uk, we have the best properties for sale in Mallorca.