Press Release - October 14th 2003

Parque Atlântico: Azores' Shopping and Leisure Centre

• An investment of € 41,5 million
• 22.247 m2 of GLA, 6 anchor shops, 17 restaurants and 79 satellite shops
• 97% of GLA already let
• 3,2 million visits/year expected
• 850 new direct jobs created
• Environmental quality ensured by sophisticated solutions

The Parque Atlântico will open to the public tomorrow, October 15th, and is an unprecedented quality leap in the commerce scene of the Azores. Located in Ponta Delgada, the new development is the result of the expansion of the Modelo shop and represents an investment of about € 41,5 million.

The first shopping and leisure centre developed and held in equal shares by Sonae Imobiliária and Grupo Nicolau Sousa Lima in the Autonomous Region of the Azores, the Parque Atlântico has a Gross Lettable Area (GLA) of 22.247 m2.

With 6 anchor shops - Zara, Cinemas Castelo Lopes (4 cinemas with 554 seats), Modelo , Worten, Max-Mat and Sportzone -, 17 restaurants and 79 satellite shops, the Parque Atlântico opens with 97% of its GLA already let. Burguer King, Pizza Hut, Pan´s, Pasta Café, Ó Kilo, Cascata and Café di Roma are some of the brands in the restaurant area, whereas among Parque Atlântico's satellite shops are some prestigious brands such as Stradivarius, Pull&Bear, Massimo Dutti, Benetton, Vista Alegre/Atlantis, Vobis and Livraria Bertrand.

Built on a 37.992 m2 site, the new centre of the Azores is scheduled to receive 3,2 million visits per year and has a free parking lot with the capacity to receive 1.100 vehicles. Serving a population of 116 thousand in a 30 minutes catchment area and 87 thousand in a 20 minutes catchment area, the Parque Atlântico creates about 850 new direct jobs.

Designed by architect José Quintela's Concept Development team, the Parque Atlântico benefits from Sonae Imobiliária's vast know-how in the development of shopping and leisure centres, complying with the company's rigorous demands in terms of comfort, safety, integration in the surrounding environment and environmental quality.

A "Green Centre"

This new development fits in the "green centre" concept the company has been developing, comprising the most sophisticated solutions for such important aspects as the separation and treatment of residues or the monitoring of water and air quality. The centre's energy management and saving system is fully computerized (BMS - Building Management System).

As far as safety is concerned, the Parque Atlântico benefits from some of the most modern support systems, such as the automatic fire detection system (SADI), the closed circuit television surveillance system (CCTV), the automatic intruder alert system (SAI), the fire fighting system (RIA), or the access control system.