Sonae Sierra's Freccia Rossa opens its doors in Italy

Sonae Sierra, AIG Global Real Estate Investment Corp and Coimpredil inaugurated the Freccia Rossa shopping and leisure centre in Brescia, Italy, on Tuesday. With a Gross Lettable Area (GLA) of 29,700 m2, Freccia Rossa represents a total investment of EUR 144 mln and is owned by a joint venture of Sonae Sierra (50%), AIG Global Real Estate Investment Corp (40%) and the Brescia-based company Coimpredil (10%).

Freccia Rossa comprises 119 shops, a 3,300 m² PAM supermarket and 2,500 parking spaces. The mall features a strong leisure offer by including a Quilleri multiplex cinema, a Family Entertainment Centre, and a Fitness Virgin Active centre. The architecture as well as the name of the new shopping centre celebrate the popular car race, Mille Miglia, hosted in the city of Brescia.

'Our architectural and design approach aims for the complete integration of the shopping centre into the surrounding area. With Freccia Rossa we want to revive the historical and cultural tradition of the city of Brescia and its famous event Mille Miglia,' said José Quintela, responsible for Architecture and Conceptual Development at Sonae Sierra.

Last December, the shopping centre received the ISO 14001 environmental certification for the management of the construction phase.