Nomadar, a Nasdaq-listed sports, tourism, technology, and experiential infrastructure company and subsidiary of Cádiz CF, a 115-year-old La Liga soccer club, has completed the acquisition of approximately 290,000 square meters of land in El Puerto de Santa María, Cádiz, Spain, designated for the development of JP Financial Arena. The closing consolidates control over a strategic asset assembled through two separate binding agreements — an initial acquisition of approximately 130,000 square meters in April 2026, followed by a second agreement for approximately 161,000 additional square meters in May 2026. Financial terms were not disclosed.
JP Financial Arena is conceived as a multifunctional venue designed to integrate professional sports events, concerts, live experiences, training programs, family and sports tourism, corporate activity, and MICE tourism — the meetings, incentives, conferences, and exhibitions sector. The 290,000-square-meter land footprint is intended to support the integrated, mixed-use nature of the project, which Nomadar describes as a year-round activity catalyst for the Bay of Cádiz region in Andalusia.
The location benefits from a confluence of factors that Nomadar views as favorable for a project of this scale: Spain received 96.8 million international tourists in 2025, a new all-time high according to Spain’s National Statistics Institute, and the Cádiz region offers climate, connectivity, cultural identity, and gastronomy that support both leisure and corporate destination travel. The global MICE market was valued at approximately $945.6 billion in 2025 and is projected to reach $1.83 trillion by 2033, with the European segment estimated at $478.5 billion in 2025.
With the land acquisition complete, Nomadar plans to advance the next stages of planning, development, financing, strategic partnerships, and commercial operations for JP Financial Arena in coordination with its technical teams and advisors.
KEY QUOTE:
“The completed acquisition of this land for the development of the JP Financial Arena represents significant continued development in the execution of our strategy. Nomadar now has consolidated control over the land on which we intend to develop JP Financial Arena which allows us to move forward with greater visibility into the next phases of the project. For Nomadar, this land is a strategic foundation for continuing to build a global platform across sports, tourism, technology, and entertainment. The Bay of Cádiz features great attributes for a project of this nature: climate, connectivity, tourism brand, culture, gastronomy, sports, and a natural position to attract both national and international activity. Our vision is for JP Financial Arena to act as a catalyst for year-round activity and to contribute to positioning the region as a reference destination for sports, entertainment, MICE tourism, and experiences.”
Joaquin Martin, CEO Americas and Global Vice Chairman, Nomadar
