Multi Development Portugal has announced that its Espaço Guimarães shopping centre in northern Portugal will open on 3 November. The EUR 140 mln project, comprising 41,000 m[sup]2[/sup] of GLA and a retail park of 7,000 m2, will be managed by Multi Mall Management. It was jointly developed by Multi Development Portugal and Bouygues Imobiliária.
Multi Development Portugal has announced that its Espaço Guimarães shopping centre in northern Portugal will open on 3 November. The EUR 140 mln project, comprising 41,000 m2 of GLA and a retail park of 7,000 m2, will be managed by Multi Mall Management. It was jointly developed by Multi Development Portugal and Bouygues Imobiliária.
Espaço Guimarães was initiated to give the entire Guimarães region a new standard of shopping and entertainment. The catchment area covers 134,500 people who live in and near the city and about 357,000 who live within 30 minutes drive. The mall is anchored by a 16,000 m² Jumbo hypermarket.
The project was financed by a 50/50 syndicate of two banks: Caixa Geral de Depositos and Banco Comercial Portugues/Millennium BCP.
