Sonae Sierra and IKEA reached an agreement for Nova Arcada Shopping Centre (PO)

Sonae Sierra, the international specialist in shopping centers, has just reached an agreement with IKEA Portugal to open a new store at Nova Arcada Shopping Centre, in Braga (Portugal), which marks the relaunching of the project currently leased and managed by the Company.
The new IKEA store will occupy two floors of the Shopping Centre with in an area of 22,000 m² and reinforces the commitment of the IKEA Group to continuously increase their offer of affordable furniture and home design to the vast majority of the Portuguese. Around 250 direct and 50 indirect jobs will be created.
In regard to leasing status, additionally to IKEA store, other important brands will also be present at Nova Arcada Shopping Centre, such as a Continente hypermarket, Worten, Cortefiel, Springfield, Women Secret, Zippy and Multiopticas.
Other negotiations are also underway and proposals agreed with several brands to complete the new Centre's commercial offer.
Cristina Santos responsible for the management of Shopping Centres in Portugal, says "We are very pleased that Sonae Sierra and IKEA have joined together in a project for the first time in Portugal. This is a clear advantage for both companies, for Nova Arcada and for the city of Braga as well."
Source: Sonae Sierra