The result will an extra 1,500m² of new retail space, and the existing 4,200m² are to be remodelled, as well as the expansion of 7 fashion and perfume shops, including Massimo Dutti, Bershka, Stradivarius, Pull & Bear, Douglas, Giovanni Galli and Zara.
Brands from the Inditex group are now opening already remodelled following their new commercial concepts at global level. Zara, with an area of 2,900m², will be the biggest shop of the brand in this region of Portugal.
Alexandre Fernandes, global director of Sonae Sierra in Investment, comments, “The expansion of Algarve Shopping Centre reflects the continued interest of Sonae Sierra in the value and active management of the portfolio in Portugal, comprising 27 assets, some managed by third parties. Furthermore, we are aware of the constant need for quality and the renovation of retail offer, by keeping the shopping centres attractive, innovative and modern for both visitors and shopkeepers.”
AlgarveShopping has a total retail area of 46,258m² and 127 shops.