other material
confidence high
sentiment positive
materiality 0.80
Nomadar leases land in Spain for event center; annual rent €144K, purchase option at €29/m²
Nomadar Corp.
- Signed land lease with Sport City Cádiz S.L. for 3-year initial term (extendable to 5) at €144K/year plus VAT, with CPI adjustment.
- Holds exclusive right to purchase land for €29.178/m² (~$34/m²); any rent paid reduces purchase price.
- Land in El Puerto de Santa María, Spain, for planned 110,000 m² Nomadar Multipurpose Event Center.
- Urban development plan for the project was approved by City Council on Nov 7, 2025.
- Lease approved by audit committee on Nov 17, 2025; press release issued Nov 19, 2025.