Press Release- 03-06-03

Increased Quality for Commerce in Azores 

Parque Atlântico opens in October 15th

• € 40 million investment
• 21.386 m2 of GLA, 6 anchor shops, 16 restaurants and 80 satellite shops
• More than 87% of the GLA already committed
• 3,2 million visits/year scheduled
• 850 new direct jobs created
• Sophisticated solutions ensure environmental quality

Parque Atlântico, scheduled to open to the public in October 15th, will be the first shopping and leisure centre developed by Sonae Imobiliária and Grupo Nicoulau Sousa Lima in the Autonomous Region of the Azores and will represent an unprecedented quality leap in the local commerce scene. Located in Ponta Delgada, this new development is the result of the expansion of the existing Modelo shop and represents an investment of € 40 million.

Held in equal shares by Sonae Imobiliária and Grupo Nicolau Sousa Lima, the Parque Atlântico will have a Gross Lettable Area (GLA) of 21.386 m2, of which 15.928 m2 are completely new.

With 6 anchor shops (Zara, Cinemas Castelo Lopes, Modelo, Worten/Vobis, Max-Mat and Sportzone), 16 restaurants and 80 satellite shops, the Parque Atlântico already has more than 87% of its GLA committed. Burguer King, Pizza Hut, Pan´s, Pasta Café, Ó Kilo and Cascata are some of the brands already confirmed for the restaurant area, while among the satellite shops we can find prestigious brands such as Stradivarius, Pull&Bear, Massimo Dutti, Benetton, Vista Alegre/Atlantis, Vobis and Livraria Bertrand.

Built on a 37.992 m2 site, Azores' new shopping centre is scheduled to record 3,2 million visits per year and has a reserved parking area (34.147 m2) with an 1.100 vehicle capacity. Serving a population of 116 thousand in a 30 minutes catchment area, the Parque Atlântico will create about 850 new direct jobs.

Designed by Sonae Imobiliária's Concept Development team, lead by architect José Quintela, 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 will benefit 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.