Le Terrazze shopping center opens to the public (IT)

Sonae Sierra and ING Real Estate open the new shopping center 'Le Terrazze' today, which is located in La Spezia, Italy. The center represents a total investment of €150 million and has a 98% of total gross leasable area (GLA) already let.

Le Terrazze exterior

Le Terrazze will offer a high-quality tenant mix of local and international brands.

The new shopping center, with a GLA of 38,600 m², will hosts 102 commercial units including an Ipercoop hypermarket of 11,700 m², 13 large stores and 16 restaurants and bars, as well as a Fitness Club Tonic with indoor swimming pool and a free covered parking for 2,000 cars.

Le Terrazze will offer a high-quality tenant mix of local and international brands including Ipercoop, Mediaworld, H&M, Tonic Fitness, Scarpamondo, Cisalfa Sport, Deichmann, OVS Industry, Benetton, Piazza Italia, DeN Store, La Feltrinelli and Calliope. The shopping center will also offer a food court area with 16 restaurants and bar: Coffee House, Gelateria Antichi Sapori, Old Wild West, Giovanni Rana, Frutteria, Kikko Sushi, Gusto Siciliano, La Piadineria, Cibiamo, McDonald's, L'Osteria Ligure, Rosso Sapore, Bottega del Caffè, Road House Grill, Yoyogurt, Pollo Campero.

Vitalization of the local economy
Le Terrazze, developed through a 50/50 joint venture between Sonae Sierra and ING Real Estate, will create 700 new jobs (direct and indirect), excluding induced employment and hypermarket.

The shopping center will be the first phase of a wider project of urban requalification, which will give back to the citizens of La Spezia a part of their city. It will be easily accessible from the city center – it is located just 1 km from La Spezia downtown - and also close to tourist areas such as Le Cinque Terre, Porto Venere, Lerici and Versilia.

Architectural concept
The entire concept of Le Terrazze is developed in harmony with the surrounding landscape and it is closely connected with the local geographic configuration. In order to render homage to the local culture and its tradition, the shopping center's interior is characterized by a fresco painting which represents the sea and land beauties of the Ligurian territory.

Sustainable center
Le Terrazze project has been focusing on Corporate Responsibility from the very beginning of its construction adopting the best practices both in terms of Environment safeguard and occupational Safety & Health.

This strong commitment has been acknowledged by Lloyd's Register Quality Assurance (LRQA) and Le Terrazze has become the first shopping center in the world to ever achieve joint Environmental (ISO 14001) and Safety & Health (OHSAS 18001) certifications. Moreover, the project has achieved both certifications without any Non Conformities detected during the certification audits.

Source: Sonae Sierra

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