PRESS RELEASE: CF Intercity chooses Legends Global to lead the construction and development project of Alicante Park

Following the agreement reached, Legends Global will take on the comprehensive development of Alicante Park, from the conceptualisation of the project to its profitability and the design of the best experiences for users, fans and fans.

Legends Global will coordinate with the team of architects the construction of the enclosure, delivering the final turnkey project.

Legends Global, a renowned global company specializing in premium services for venues and large events, has been chosen by CF Intercity to lead the comprehensive development of Alicante Park, the new sports and entertainment complex that will host musical and sporting events and will be built on the Rabasa land.

Legends Global takes on the Alicante Park project from its initial phase to its commissioning. The company, a benchmark in the sector, will work on its conceptualisation, its profitability and the design of benefits and high-value experiences for all users, fans and fans.

In addition, Legends Global will coordinate together with the architecture studio the entire execution of the works, supervising the construction from start to completion and delivering the turnkey installations, with the highest quality standards.

Chus Bueno, board member of CF Intercity advisor on the development of Alicante Park, said that “it is fantastic news that a world leader in the sector wants to accompany us in the construction and design of this great project”. “It is the first step of many that we are taking to make Alicante Park a reality as soon as possible,” he added.

For his part, Salvador Martí, president of CF Intercity, stressed the importance of “companies with the talent and prestige of Legends Global wanting to be part of Alicante Park and its development”. “For CF Intercity and its shareholders it is an endorsement that reaffirms our will to create this sports and musical space, which will have a very positive economic impact on Alicante and its province,” he said.

Legends Global was also the company responsible for drawing up the business plan for Alicante Park, endorsing its viability. The studio proposes the construction of a multifunctional concert space with a capacity of more than 20,000 people, with a permanent stage and 5,000 fixed seats. Next to this venue, a football stadium will be built that will be at the service of the city and where CF Intercity will play its official matches. The report contemplates that the multifunctional space can host up to 30 concerts a year.

The estimated investment for the construction of Alicante Park amounts to 33 million euros, including the development of the site and the purchase of the land. According to the business plan, the project expects a turnover of 8 million euros and an EBITDA generation of more than 3 million euros in the first year of activity.

The Extraordinary General Meeting of Shareholders of CF Intercity SAD approved an investment of up to 60 million euros for the development of Alicante Park. CF Intercity has the necessary land for the construction of the venue, located in Rabasa and strategically located, with direct access to the main motorway connections, five minutes from the centre of Alicante and ten minutes from the airport.

Alicante Park has the potential to generate an estimated annual economic impact of more than 100 million euros, considering the direct effects and job creation, which would imply an additional wage bill of between 15 and 20 million euros. The combination of international visitors, with high rates of overnight stays and higher spending, especially in months of low national tourist influx, will consolidate Alicante as an attractive destination throughout the year, generating significant economic benefits, quality employment and a solid international positioning.