Featured image credit: HOK
Casal España Arena de València, a new 18,600-capacity arena being developed in the Spanish city, will be known as the Roig Arena after Spanish billionaire Juan Roig, who is bankrolling the project.
Roig is financing the project through the Licampa 1617 holding company. In a statement reported by Spanish sports business news website Palco23, Licampa 1617 said that the new name for the arena will recognise the legacy of Roig and his family.
It has previously been reported that Roig will be investing €220m (£192m/$215m) of his personal assets in the project, and the budget is now said to have risen to more than €280m. In March, Roig announced that the delivery date for the venue, which will serve as the home of Valencia Basket, had slipped from 2023 to 2024.
The arena, designed by HOK and local architecture practice ERRE Arquitectura, will have a maximum capacity of 15,600 for basketball games but will be able to accommodate up to 18,600 spectators for concerts, which would make it the largest arena in Spain ahead of Madrid’s WiZink Center.
Last month, Miguel Martí Gastronomia was appointed as the hospitality partner for the arena. The company was appointed by València 5 Estrellas, which is overseeing the management of the arena.
Miguel Martí Gastronomia will work with València 5 Estrellas to launch food and drink experiences for the arena across hospitality areas, including its on-site restaurant and VIP spaces.
The agreement does not cover other restaurant services such as points of sale, which may be managed by other companies. Miguel Martí Gastronomía is the company of Spanish chef Miguel Martí and specialises in catering for social events and spaces. It already operates a restaurant at Estadio de la Cerámica, home of LaLiga football club Villarreal.
Work on the arena began in June 2020. The arena complex will also feature a car park with 1,300 spaces, new headquarters for Valencia Basket, a multi-purpose hall, catering areas, and other terraces and premium spaces.
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