Sonae Sierra prepares the opening of LoureShopping (PT)

Sonae Sierra has held the key delivery ceremony for the tenants of LoureShopping. The shopping and leisure center represents an investment of €67 million and will open to the public on October 27th 2005.

Intended to represent a step forward in the shopping and leisure offer in the region of Loures, in terms of innovation and quality, the LoureShopping will have a Gross Lettable Area (GLA) of 38.640 m² and will make available a total of 111 shops, eight of which are anchor-shops, as well as 22 restaurants and a parking lot with 2.100 spaces.

The presence of many of the most prestigious brands is alreadyguaranteed, and some examples are the Continente Hypermarket, Zara, Cinemas Castelo Lopes with 7 cinemas and 1370 seats, Worten, Vobis, Sportzone and Magnólia as anchor-shops, and Stradivarius, Pull&Bear, Massimo Dutti, Bershka, Often, Zara Home, Oysho, McDonald´s, Chimarrão, KFC, among others.

Built on a 82.940 m² site (of which more than 52,000 m² will be green areas), the new shopping and leisure center is located by the Quinta do Infantado, in Loures, and easily accessible through the A8 Highway (Lisboa-Torres Vedras), CREL and EN 115. Sonae Sierra performed several improvements to the area surrounding the development as well.

The LoureShopping will serve a population of more than 640,000 people in a 30 minute catchment area and more than 160 thousand in a 10 minute catchment area, is scheduled to welcome about 9,9 million visits per year and will bring about roughly 1000 new direct jobs. Annual sales are estimated to reach about €74,8 million.

The LoureShopping will be Sonae Sierra's first Shopping and Leisure Centre to include in its Leisure activities a garden, with 52.000 m² of public area.

Source: Sonae Sierra

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