Retail complex in Portimão set to commence operations
In a statement, the promoters of the Nova Vila Retail Park—a project masterminded by Belgian real estate fund manager Mitiska REIM—reveal plans for a retail complex spanning eight hectares, integrating 16 stores. The complex, located near National Road 125, approximately three kilometers from Portimão, will prioritize sustainability. It is slated to revolutionize the Algarve region, featuring international brands not yet present in the south of the country.
The new shopping establishment, set to replace the old Portimão Retail Park destroyed by fire in 2012, will create over 200 direct, non-seasonal employment positions, according to Enzo Guidez, responsible for Mitiska REIM's operations in Portugal. Additionally, the complex includes a gastronomic area, leisure spaces, bicycle parking, electric vehicle charging stations, a gas station, and free parking for 832 vehicles.
Enzo Guidez also notes that the project places a strong emphasis on sustainability, aiming to achieve carbon neutrality by 2050. To that end, the promoters have installed photovoltaic panels on the roof, implemented a lighting control system, and opted for drought-resistant native plants and rainwater irrigation to bolster the project's environmental resilience.
Mitiska REIM explains that the chosen name Nova Vila Retail Park pays homage to Portimão's 15th-century name, Vila Nova de Portimão, known for its simple white architecture. The retail park is scheduled to open on Thursday.
Sustainability measures commonly applied in retail parks include energy efficiency, renewable energy, water conservation, waste management, green spaces, and the use of sustainable materials. To date, specific details regarding Nova Vila Retail Park's sustainability measures have not been disclosed and will likely become available upon the park's opening.
- The Nova Vila Retail Park, located in Portimão, Portugal, is expected to revolutionize the Algarve region with international brands and a focus on sustainability.
- The complex, slated to open on Thursday, will prioritize sustainability, aiming to achieve carbon neutrality by 2050, featuring photovoltaic panels, drought-resistant native plants, rainwater irrigation, and energy-efficient appliances.
- Enzo Guidez, responsible for Mitiska REIM's operations in Portugal, revealed that the project includes over 200 direct, non-seasonal employment positions and numerous amenities, such as a gastronomic area, leisure spaces, bicycle parking, electric vehicle charging stations, and free parking for 832 vehicles.
- With the opening of Nova Vila Retail Park, interested investors should consider the potential financial benefits of real estate investments in the Algarve region, considering its revitalized lifestyle and shopping opportunities.
