Andorra is a small country which has always been considered the shopping mecca as well as a winter sports paradise. It holds some of the best skiing resorts internationally with skiing resorts placed within the best internationally such as Grandvalira or Vall Nord.
Retail is getting triggered in Andorra and we need to be ready to invest
In the last couple of years most luxury, fashion and consumer good brands have decided to open stores in Andorra´s main streets. The main reason why is that there is a very important demand all year round. We can establish that retail is getting activated in Andorra and that we need to watch out for investment opportunities.
As of right now Andorra has more than 1500 stores and good shopping centers. Within them we must highlight the L’illa Carlemany shopping center. The country has a large shopping promenade of 10 linear km.
The stores have excellent facades and their design is similar to the one we could find in New York, Las Vegas, Shanghai, Paris or London.
Within the last brands to have established themselves in Andorra we find Salomon store in the Carlemany shopping center. As well as a LIU JO store which opened in December. FNAC opens its first store outside Spain in Andorra, locating it in Pyrenees shopping center, with in Andorra’s city center. It has a commercial surface of 1300 sqm and it has almost 25 employees.
As far as consumer good brands go the highlight is obviously established with Inditex, Mango and Desigual with their main stores located in Avda Maritxell.
From Cat Real Estate we consider that it is the perfect moment to open new locations in Andorra. In fact we are already advising several retail companies as well as restoration groups for their implementation in the country.
As real estate investors we are ready to activate our portfolios. Due to this activation in Andorra we are already analyzing the market to invest. Get in contact with us and we will explain how to do it.
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