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
