The company Valencia Innovation District, manager of The Terminal Hub, has secured the concession for the former Victory Challenge headquarters at the Marina of Valencia. The decision, approved by the board of directors of the Port Authority of Valencia (APV), completes the occupation of these spaces, which for years remained empty or housed unrealized projects. Valencia Innovation District's proposal prevailed over that of Nomadom Cospaces.
The new project, named Victory by TTH, involves an investment of approximately three million euros for the renovation and adaptation of the building. The future space will combine offices, areas for entrepreneurs, training activities, and event spaces. This operation marks another step in Valencia Innovation District's expansion within the marina, which already manages The Terminal Hub, a space that brings together key profiles from the Valencian technological ecosystem such as Enrique Calabuig, Iker Marcaide, and Ángela Pérez.
The bases built for the America's Cup, ranging from 2,000 to 6,000 square meters, took nearly two decades to find stable tenants. The Consorcio València 2007 was already promoting these facilities in 2013 to attract companies and entrepreneurial projects, aiming to revitalize the Marina and help cover the 300 million euro debt generated by the competition. Some bases were demolished, while others experienced long periods of inactivity or saw projects fail.
The transformation of these spaces has been marked by challenges, including demands from businesses for improvements in access, lighting, legal security, and the regularization of buildings originally conceived as temporary structures. There have also been complaints about a lack of licenses and administrative uncertainty.
Currently, the former bases host significant business and technological activity. In the North Marina, EDEM and Lanzadera, driven by Juan Roig, occupy a building on the former bases of BMW Oracle, +39 Challenge, and Team Shosholoza, with an expansion underway at the former Alinghi base. Innsomnia, an accelerator promoted with Bankia, is located at Base 2 of the South Marina (Team Germany). Other projects include Biohub VLC (life sciences) at the former Equipe Areva base, and Angels (Juan Roig's investment arm) in the space formerly used by Emirates Team New Zealand.
Recently, Sesame and Zeus moved to the former Mascalzone Latino base and have applied for the concession of the Iberdrola bases to expand their project, which involves an investment of four million euros and is set to open by the end of the year, increasing their area from 3,200 to nearly 8,000 square meters. Meanwhile, Marina de Empresas will open its expansion at the Alinghi in September, a new office building with capacity for around 1,000 entrepreneurs, representing a 15 million euro investment.
