Eurocommercial Properties N.V. (ECP) announces that the 12,000-m² extension and refurbishment of its Centro Carosello, situated on the outskirts of Milan, opened yesterday on schedule, fully leased and on budget. The center is located in a strong retail zone opposite IKEA, Castorama and Decathlon on Milan's eastern ring road.
The extended center has an area of 52,500 m² and is fully let with 115 shops, including major anchors Carrefour, Saturn (MediaMarkt), Oviesse, Zara and H&M. Considerable parking has been added to the center resulting in a total of 3,700 spaces, 1,900 of which are covered. The total cost of the extension and refurbishment amounts to approximately