Sonae Sierra and the Mall Group inaugurated El Rosal shopping and leisure centre in Spain on Monday. The development located in Ponferrada in the province of Leon represents an investment of EUR 111 mln. The mall opens its doors to the public on 23 October.
Sonae Sierra and the Mall Group inaugurated El Rosal shopping and leisure centre in Spain on Monday. The development located in Ponferrada in the province of Leon represents an investment of EUR 111 mln. The mall opens its doors to the public on 23 October.
Developed by the partnership between Sonae Sierra (70%) e and the Mall Group (30%), this new shopping and leisure centre is the 47th owned by Sonae Sierra. It generates 1,400 new jobs, and is expected to generate 7 million visits and a sales volume of EUR 110 mln in its first year of activity.
El Rosal is now the main commercial reference in the region of El Bierzo, with a catchment area of 178 thousand people, and it makes available a complete commercial offer on its 147 shops, distributed in a Gross Lettable Area (GLA) of almost 50,000 m2, 93% of which is already let.
Álvaro Portela, Sonae Sierra's CEO, emphasised 'the special pride felt with the opening of El Rosal', underlining that 'this project broadens Sonae Sierra’s already significant presence in the Spanish market, where we now own 12 large shopping and leisure centres, and it also represents a bet on a region with great potential'.
Besides brands, such as Zara, Beshka, Pull & Bear, Oysho, C&A, Stradivarius, Massimo Dutti, Promod, Cortefiel, Women’s Secret, Springfield and H&M, El Rosal also has 17 restaurants and a 7-screen cinema.
In accordance with the Sonae Sierra's Corporate Responsibility policy, the new shopping centre obtained the ISO 14001 environmental certification for the construction stage, which attests the finest environmental practices during the construction stage.
