Sonae Sierra has made the public presentation of its new shopping and leisure center, called El Rosal, located in Ponferrada, Spain. Owned and developed by a partnership between Sonae Sierra (70%) and the Mall Group (30%), shopping center El Rosal will represent an investment of €111 million, and will have 152 shops. It will become, starting in the Fall of 2007, Ponferradas main shopping and leisure destination.
With a GLA of 49.200 m² and a construction area of 151.307 m², the new center will make available an innovative commercial offer in the region, since it will include national and international brands of great prestige and quality, such as a Carrefour hypermarket and Zara, C&A, Mestre Maco, Boogaloo, Rádio Popular, Massimo Dutti, Oysho, Pull & Bear, Stradivarius, among others. Besides the eight cinemas, the future center will also feature 23 restaurants, including McDonalds and Burger King units.
El Rosal will create over 1400 new direct jobs, and will be located in the La Rosaleda Polygon, in a new expansion area of the city of Ponferrada, with a catchment area of 177.831 inhabitants at a maximum distance of 40 minutes away by car.
Hosting some of the most innovative solutions in construction and environmental protection, Ponferradas new shopping and leisure center is scheduled to register seven million visits and €110 million in sales, annually.
Sonae Sierra is also developing is Spain the Plaza Mayor Shopping (Malaga), in a partnership with Castle City (75/25).
Source: Sonae Sierra