A significant new development, Alicante Park, is underway in the Rabasa district of Alicante. This ambitious sports and entertainment complex is being spearheaded by Legends Global, an international company renowned for managing commercial operations and premium services at the iconic Santiago Bernabéu Stadium in Madrid. Legends Global also collaborates with some of Europe’s leading football clubs.
Legends will partner with CF Intercity to construct a new stadium and a dedicated venue for large-scale concerts and festivals.
Project Overview: Alicante Park in Rabasa
The Alicante Park complex will occupy approximately 100,000 m² in Rabasa, conveniently situated near the existing Multiespacio Rabasa festival grounds and just minutes from both Alicante city center and the airport.
The development will include two primary facilities:
- Open-Air Concert and Festival Arena – A versatile outdoor venue equipped with a permanent stage and comprehensive infrastructure to support major tours. The arena will accommodate over 20,000 spectators, including around 5,000 permanent seats.
- New CF Intercity Football Stadium – A state-of-the-art stadium designed to host the club’s home matches. Initially, the stadium will have a capacity of approximately 5,000 spectators, with potential for future expansion as the club and fanbase grow.
Legends Global plans for Alicante Park to operate year-round, hosting up to 30 major concerts and events annually. These will range from national tours featuring Spanish artists to international performances, alongside CF Intercity’s football matches.
Investment and Economic Benefits for Alicante
The business plan developed by Legends Global allocates around €33 million for land acquisition and construction of the Alicante Park complex. CF Intercity’s shareholders have already approved the project financing, with total infrastructure investment expected to reach up to €60 million.
In its first year, Alicante Park is projected to generate approximately €8 million in revenue, with an operating profit (EBITDA) exceeding €3 million. Over the long term, the complex is anticipated to become a significant economic catalyst for Alicante, contributing over €100 million annually to the local economy and creating an additional wage fund of €15–20 million through new jobs in tourism, services, and event management.
Importantly, the project aims to mitigate tourism seasonality by scheduling major concerts and events beyond the peak summer months, thereby supporting steady occupancy rates in hotels, restaurants, and rental properties throughout the year.
Implications for Alicante’s Real Estate Market
Beyond its role as a sports and entertainment hub, Alicante Park is expected to stimulate development in the Rabasa district and the wider metropolitan area. The establishment of a modern sports and entertainment cluster, enhanced transport links, and increased commercial activity typically boost demand for nearby residential neighborhoods among both tenants and buyers.
For investors and residents seeking medium-term growth in property value and rental income, infrastructure projects of this magnitude present compelling reasons to consider Alicante.
Explore Property Opportunities in Alicante
Those prioritizing modern housing with excellent infrastructure should explore new developments in Alicante, where demand for quality apartments in well-connected areas near business and entertainment centers tends to rise most rapidly.