- The construction works will begin in the next few months
- The Centre will have 100 stores and will open at the end of 2018
MALAGA, 19 MAY 2017 – McArthurGlen, Europe's leading owner, developer and manager of designer outlets, and Sonae Sierra, the international property company, today announced that Malaga City Council has granted a building permit for the development of the McArthurGlen Designer Outlet Malaga, in southern Spain. Construction work will commence in the next few months, and the opening of the first phase is planned to take place at the end of 2018.
McArthurGlen Designer Outlet Malaga will see an investment of 115 million euros to develop a gross lettable area (GLA) of 30,000 m2 over two phases of construction. Once it is finalised, McArthurGlen Designer Outlet Malaga will feature more than 170 brands, including some of the most sought-after luxury brands, as well as international and local brands, with savings from 30 to 70%.
José Luis Arenas, Development Manager for Spain at McArthurGlen, said: “This is a very significant step in the development of the project. With the beginning of the construction works, visitors will be able to witness progress of one of the most innovative retail projects in all of Spain, which will significantly improve the retail offering in southern Spain and will attract an increased number of tourists to the region as well as creating jobs in the local community.”
On occasion of the building permit, Alexandre Pessegueiro, Sonae Sierra's Head of Asset Management in Spain, said: “I would like to thank the City Council and the other Public Administrations for the trust they have shown us to carry out this enlargement. Granting the building permit for the development of the project entails a vote of confidence for the McArthurGlen Designer Outlet Malaga, which will represent a significant economic input for the region and will greatly improve the retail offer of Malaga and the Plaza Mayor Shopping Centre.”
McArthurGlen Designer Outlet Malaga:
- First phase: 17.500 m2 and 100 stores
- Second phase: 12.500 m2 and 70 stores