October 28th 2003

Investment reaches € 55,4 million

Sonae Imobiliária inaugurates Plaza Éboli in the Fall of 2004

Sonae Imobiliária, together with the Eroski Group, will inaugurate in the Fall of 2004 in Pinto, Spain, the Plaza Éboli, the largest shopping and leisure centre in the town, with an investment that reaches €55,4 million.

Located in the urban centre of Pinto, the Plaza Éboli will supply a universe of 156 thousand inhabitants, corresponding to a catchment area of less than 10 minutes by car, and has a scheduled yearly sales volume of about €92 million. Sonae Imobiliária estimates that in its first year under operation the Centre will be visited by 4,5 million people.

With a Gross Lettable Area of 32.630 m2, the Plaza Éboli will have a total of 124 shops divided in two storeys, and will also include a food court of 13 restaurants. The parking lot of this commercial unit will make available 1012 parking spaces free of charge.

The anchor shops of the new Centre will be an Eroski hypermarket, a modern cinema complex and three medium surfaces dedicated to sports, do-it-yourself and home appliances, and the presence of several brands is already confirmed, such as Stradivarius, Oysho, Pull&Bear and Zara Home, among others.

The Plaza Éboli will be responsible for the creation of 500 direct jobs and 600 indirect jobs.