Portugal's Grupo Mateus has announced it is to develop a new 16,000 m[sup]2[/sup] shopping centre in the Portuguese city of Portalegre. City Shopping Portalegre will be built in a joint venture with bank Banif, private financial group Millenium BCP and the real estate investment fund Eminvest.
Portugal's Grupo Mateus has announced it is to develop a new 16,000 m2 shopping centre in the Portuguese city of Portalegre. City Shopping Portalegre will be built in a joint venture with bank Banif, private financial group Millenium BCP and the real estate investment fund Eminvest.
The scheme will involve an investment of some EUR 50 mln. Construction work on the mall is expected to start in November this year, with opening scheduled for November 2010. The centre will provide 70 retail units and parking spaces for 760 cars.
