Arena Alicante changes hands: it goes from the Palacios family to Sovcom Invest
(12-3-2022) The Arena Alicante sports club has closed its sale to Sovcom Invest SL, a Russian capital company that on February 21 signed the purchase of the shares of the until now administrator and sole owner of the company, Javier Palacio.
Arena Alicante changes hands. This large sports center with a surface area of more than 26,000 square meters (6,800 of which are covered and more than 19,000 dedicated to outdoor sports), located just over a kilometer and a half from Playa de San Juan de Alicante, has been transferred to a company that promotes real estate projects that has Russian capital, Sovcom Invest SL The company, which until now belonged to the Spanish businessman Javier Palacio, who signed its sale on February 21, just three days before Russia’s invasion of Ukraine.
It is one of the most iconic sports centers in the city of Alicante. It is a municipal facility whose concession expires in 2039, in 17 years. The sale does not change any point of the agreement with the Alicante City Council, given that the concession company remains the same, according to ‘Alicante Plaza’. The new property will maintain in principle the current staff of the center, made up of about 40 people.
Arena Alicante SA was created in 2006 by the Palacio brothers, Javier and Perfecto, to manage this great sports center. Until its sale, it was controlled by Yansika Holding, one of the investment companies of the Palacio family. The amount of the operation has not transpired, but the operation has been closed after a year of contacts and negotiations between the two parties.
In its extensive facilities, Arena has an indoor area with a fitness room of more than 1,000 square meters, eight rooms for group activities, two multidisciplinary rooms, a tatami, a boxing room, the ArenaCross and a squash court. Likewise, there is also a water area with two swimming pools and a spa circuit. In its outdoor area it has an athletics track, eight tennis courts, a soccer field and 14 paddle tennis courts.
About Sovcom Invest
Sovcom Invest is a company based in Alicante and specialized in the development of real estate projects and has participated in numerous projects in Spanish territory. The company is dedicated to the acquisition and management of real estate, the creation, design and technical and architectural development of real estate projects, up to its financing and complete execution, including the provision of marketing services, as well as legal and administrative services.
In its capital there are several investors of different nationalities, although most are European. This platform is specialized in the acquisition of facilities similar to this sports center.