Spanish commercial property developer Coperfil Real Estate is to develop the Viapark Arroyo business park in Valladolid, southern Spain. Completion of the project, which is to be built on a 48,000 m[sup]2[/sup] site, is scheduled for the first half of 2010. The company said it was granted a construction permit for the 22,000 m[sup]2[/sup] scheme, which will also include a parking lot with around 1,500 parking spaces. The investment costs for the project were not disclosed.