McArthurGlen, Europe’s leading owner, developer and manager of designer outlets, and Sonae Sierra, the international property company dedicated to serving the needs of retail real estate investors, announced that construction works will begin on McArthurGlen Designer Outlet Málaga in Q1 2017 with opening scheduled for the second half of 2018.
McArthurGlen Designer Outlet Málaga will be located adjacent to the successful Plaza Mayor Shopping Centre, the city’s most visited shopping centre, which receives over 10 million local and international shoppers every year, and is managed by Sonae Sierra.
The €115m designer outlet development will span 30,000m² of retail space and is being developed in two phases. When complete, McArthurGlen Designer Outlet Malaga will be home to a strong mix of over 170 brands including some of the most sought-after luxury and designer brands alongside international and local brands.
José Luis Arenas, McArthurGlen’s Development Manager for Spain, said: “We are delighted to have obtained support of the Regional & Local Institutions of Andalucía & Málaga to introduce southern Spain’s very first designer outlet in partnership with Sonae Sierra.”
Alexandre Pessegueiro, Sonae Sierra’s Head of Asset Management Spain, said: "Sonae Sierra will expand its investment in the Spanish market, which currently represents one of the greatest opportunities in Europe."
The designer outlet will feature McArthurGlen’s signature open-air village style, designed toreflect the local Andalusian architecture. The centre will have landscaped walkways, dancing fountains, a central luxury plaza, children’s playground facilities and 4,350 parking spaces.
