Klépierre opens the Aqua Portimão shopping center in the heart of Algarve (PT)

Klépierre, a major retail real estate player in continental Europe, announced the inauguration of the Aqua Portimão shopping center, in Algarve (Portugal), and its opening to the public on April 14, 2011.

Aqua Portimao_April 2011

Aqua Portimão covers a total floor area of 47,250 m² spread over three levels.

Covering a total floor area of 47,250 m² spread over three levels, Aqua Portimão features a shopping gallery of 35,500 m², attached to a Jumbo hypermarket (owned by the Auchan group) and offering 117 stores, nine mid-sized units and 21 restaurants. It also includes a three-level underground parking area with 1,800 spaces.

Designed by the architectural firm Sua Kay, Aqua Portimão opens for business after two years of work. The shopping center is owned 50/50 by Klépierre and an institutional investor partner.

The leasing and management of the facility have been entrusted to Ségécé, a subsidiary of Klépierre. The shopping center opens with an occupancy rate of 94%, which attests to the confidence level of retailers in the project's suitability for the area.

A major shopping center in one of Portugal's most demographically dynamic regions
Aqua Portimão is located in the heart of Algarve, a first rank tourist destination, and a demographically dynamic region in its own right: population projections for 2030 forecast growth of nearly 30%.

An urban shopping center at the entrance to the city, the facility has excellent visibility and easy access. Aqua Portimão will reach a catchment area of nearly 300 000 inhabitants, whose purchasing power is 17% above the national average thanks in particular to tourism. Just next to the coast and its beaches, the Greater Portimão area is a strong tourist draw, with the number of residents quadrupling in the summer months.

Several exclusive retail anchors for Algarve, a complete retail mix and family-oriented services
Aqua Portimão targets the family segment, with mid-range products and services at very attractive prices. To address the multiple aspirations of its clients, the center offers a wide range of quality brands, combining local businesses and retailers with nationwide and global reach. Some are opening for the first time in Algarve.

For example, the center will feature the first Primark and H&M stores, not just for Algarve but for the entire region located in the South of Greater Lisbon, and also other retailers with great appeal, such as Stradivarius, Blanco, Bershka, Centroxogo, a Loja do Gato Preto, Massimo Dutti, Pull&Bear, Kiko and Seaside. The Jumbo hypermarket and its food supply will be a key driver for the center. In addition, Aqua Portimão has a food court where clients will be able to eat and drink in a pleasant and varied setting.

Other than its size and its unique retail mix, the shopping center stands out for its range of services on offer and its high level of consumer comfort. More than a shopping center, Aqua Portimão is a space designed and managed to provide its visitors with a unique shopping experience.

Entertainment for the whole family (music in the food court, animations for

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