UK privately-held real estate company Parkridge has halted the development of the Montesol commercial park in Caceres, Western Spain, Spanish newspaper El Periodico Extremadura reported. Although the company received the building permit for the site in 2008, it has not progressed with the construction in the past 12 months, the paper said. The project, with development costs of around EUR 22 mln, consists of 12,000 m[sup]2[/sup] of retail space across five parts as well as 510 parking spaces.
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