By Sophie McCarrick [email protected]
A new shopping centre, representing a €100 million investment, is scheduled to open in Guia by the end of 2013. Summerville Shopping Parque, announced by investment fund Imo Pan Iberian Retail, will be managed by Portuguese investment and asset management company, Imorendimento.
Imorendimento Commercial Director, Luís Mesquita, told the Algarve Resident: “We expect to open Summerville Shopping Parque between November 2013 and March 2014”.
Alongside AlgarveShopping, Albufeira Retail Center, Makro and Leroy Merlin in Guia, the project has been approved to be located between the EN125 and Via do Infante (A22).
With a commercial space of 60,000m2, the shopping park will offer a wide range of store brands. “We have already sold 65% of the shop’s area, which will have well known national and international brands and the shops will be large scale,” said Luís Mesquita.
The Parque will also include a health care facility, an office area, a business hotel with 90 rooms, and a parking area with a capacity for 2,200 cars.
Rumours that a Tesco Supermarket was due to open at Summerville Shopping Parque have been denied by the UK chain. An international spokesperson for Tesco’s told the Algarve Resident: “The Tesco group has no plans to move into any new countries, including Portugal, anytime soon.”
Consisting of four buildings, the complex will be divided into three zones: western, central and eastern, each offering specific, contrasting environments, providing a varied experience to visitors.
Organic gardens and water features will be situated in the western zone. In the central space will be shops of small and medium size, open aired terraces and a wide range of options available for kiosks.
The eastern zone promotes a more formal area to the complex. Framed in architecture, visitors will find fashion, restaurants and leisure areas.
Imo Pan Iberian Retail released a statement saying Summerville is being “designed for residents and families, but also for the estimated 6.5 million foreigners who annually visit the Algarve.”
Architecture for the project has been jointly decided on by FA architects and Suttle-Mindlin, architects that share several international awards.
The shopping centre is being presented and marketed by retail property consultants, LaSBA, and Imorendimento Active Services.
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