Foruminvest Italia has recently signed an agreement with respect to the development of its second shopping center in Italy. The first project, a shopping center with a surface of 30,000 m² GLA with 100 shops and a football stadium for Serie C, is located in Teramo.
The shopping centre in Molfetta (Region of Puglia) will provide 35,000 m² GLA with 130 shops and restaurants. Approximately 3,000 parking spaces will be created around the shopping center.
The center will be built on a site 20 km west of Bari in Molfetta, and adjacent to the motorway running between Bari and Foggia. Construction has already commenced.
Under the name, Gran Shopping Mongolfiera Molfetta, the center will include a 10,000 m² Coop hypermarket.
Mongolfiera Molfetta is expected to fulfil an important role in a catchment area of some 290,000 consumers. The opening of the Gran Shopping Mongolfiera Molfetta is planned for the first quarter of 2008.