Spanish billionaire Juan Roig is investing €220m in building an 18,600-cap. arena in Valencia, Spain, to attract more international tours to the country
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The Music Republic has been named operator of what will be Spain's largest indoor arena, Casal España Arena in Valencia
By IQ on 16 Nov 2020
Festival promoter The Music Republic will run the under-construction Casal España Arena in Valencia, Spain’s biggest indoor arena, when it opens later this decade.
The Music Republic – whose festival portfolio includes Arenal Sound (60,000-cap.) in Burriana, Viña Rock (60,000-cap.) in Villarrobledo and Festival Internacional de Benicàssim (50,000-cap.), which it acquired from MCD/SJM last summer – will manage the arena alongside Juan Roig, whose Licampa 1617 holding company is leading the project, through a new operating company, València 5 Estrellas.
As well as managing the arena, València 5 Estrellas will oversee all partnerships with promoters, suppliers, service companies and other stakeholders, with the goal of making Casal España Arena a venue where “promoters can [stage] any kind of sports or entertainment events, regardless of their nature or format”, according to The Music Republic (TMR).
With a capacity of up to 18,600 for concerts, the new arena will be the largest in Spain, with space for over 3,000 fans more than Madrid’s WiZink Center.
Construction began on Casal España Arena, funded by €220m in public–private investment, earlier this year.
Víctor Sendra, CEO of Licampa 1617, comments: “A significant milestone has been reached in this project, which allows us to move forward in the management of the venue alongside partners that are highly specialised in the organisation and creation of music and entertainment experiences…
“It is a great opportunity for Valencia and Spain, having the first arena of such a magnitude”
“In addition, we share the same vision regarding the future of Casal España Arena de València. We have long way to go, and we are very excited to create a team that will help us succeed with a project that is so important for Valencia, and to which Juan Roig’s patronage is fully committed.”
TMR David Sánchez adds: “It is a great opportunity for Valencia and Spain, having the first arena of such a magnitude and capabilities, designed to host all kinds of cultural, sports and corporate events, [positioning] itself as an attractive venue for users and the maximum number of event promoters.
“Valencia will be able to host many events that could not be accommodated to date due to the lack of equipped and specialised spaces. We are very pleased and grateful for contributing to the management of this great project, together with Licampa 1617.”
Casal España Arena is projected to open in 2023.
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