Retail specialist Gallerie Commerciali Italia has mandated CB Richard Ellis to market the newly-developed retail gallery in the Argine shopping complex in Naples, Southern Italy, well-informed market sources told PropertyEU. Gallerie Commerciali Italia is a 51%-49% joint venture of Groupe Auchan's real estate development arm Immochan and US REIT Simon Property Group.

Retail specialist Gallerie Commerciali Italia has mandated CB Richard Ellis to market the newly-developed retail gallery in the Argine shopping complex in Naples, Southern Italy, well-informed market sources told PropertyEU. Gallerie Commerciali Italia is a 51%-49% joint venture of Groupe Auchan's real estate development arm Immochan and US REIT Simon Property Group.

Designed by architects Pica Ciamarra Associati, the Argine shopping mall opened its doors in early March 2010 in the eastern part of the city. The retail gallery provides 38,000 m2 of gross lettable area consisting of a total of 83 shops across two levels. The centre also includes a hypermarket of 14,000 m2 as well as 2,200 parking spaces. Cogei Costruzioni Spa was the developer of the project.

Auchan is present in the Campania region of Italy with hypermarkets in Mugnano, Nola, Volla, Giugliano e Pompei. In Italy, the company has a total of 46 retail galleries with over 500,000 m2 of gross lettable area.