Construction starts on outlet in Malaga

img

European outlet specialist McArthurGlen and Portuguese property giant Sonae Sierra have begun work on McArthurGlen Designer Outlet Málaga in Spain, with the opening scheduled for the second half of 2018.

 

The €115 mln investment will create 30,000 m2 of new retail space when completed. It will offer consumers a mix of over 170 brands from luxury and designer retailers, international chains and local shops. Scheduled to open in two phases, the first phase expected for 2018 will launch 100 stores.

Alexandre Pessegueiro, Sonae Sierra’s head of asset management for Spain, added: ‘Sonae Sierra will expand its investment in the Spanish market, which currently represents one of the greatest opportunities in Europe. We are confident that the opening of the first designer outlet in southern Spain, together
with McArthurGlen, will be a huge success from the very beginning and will complement and enhance the existing retail offer.’

The McArthurGlen Group currently has 22 designer outlets located near key tourist destinations in nine countries, with its new McArthurGlen Provence (23rd) due to open this spring. McArthurGlen Designer Outlet
Málaga will be McArthurGlen’s 24th centre and its 10th country of operation. The designer outlet will feature McArthurGlen’s signature open-air village style, designed to reflect 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.

McArthurGlen Designer Outlet Málaga will be located next to the successful Plaza Mayor shopping centre, the city’s most visited mall which receives over 10 million local and international shoppers every year, and
is managed by Sonae Sierra. 

José Luis Arenas, McArthurGlen’s development manager for Spain, said: ‘This will be a unique retail destination for local shoppers and tourists to visit, where they can enjoy the world’s finest names in luxury, premium and designer fashion at great prices.’