June 22nd 2004

Sonae Imobiliária's new Shopping and Leisure Centre in Toledo

‘Luz del Tajo' opens on September 28th

  • A € 77 million investment
  • 92% of a total GLA of 42.500 m2 already let
  • 132 shops and 2000 new jobs

Shopping and Leisure Centre "Luz del Tajo", held by Sonae Imobiliária (65%) and the Eroski Group (35%), will open its doors to the public next September 28th, becoming the main shopping and leisure destination for the inhabitants of the Spanish city of Toledo and its surroundings.

Representing an investment of  €  77 million, the new Centre includes a wide and diversified commercial offer with 132 shops, eight of which are anchor-shops: an Eroski hypermarket; 10 Cinesur cinemas with 1950 seats; fashion shops from the Zara and Sfera  brands;  three  large  surfaces  with  sporting  items (Forum),  do-it-yourself (Bricoking) and home appliances (Medimax); and a 14 alley bowling room.

Besides this set of anchor-shops, the Centro the centre will have in its 42.500 m2 Gross Lettable Area (GLA), 92% of which is already let, some of the most internationally well-known brands  (Pull & Bear, Stradivarius, Massimo Dutti, Springfield, Mango, Benetton,  Lacoste,  etc),  and  will  also  have  six  Portuguese  tenants:  Perfumes  & Companhia, Parfois, Loja do Gato Preto, Batidos Santa Catarina, Pasta Café and Tosta Mix.

The "Luz del Tajo", which will create 2.000 new direct jobs, is expected to gross € 73 million in its first year of operation (excluding the hypermarket) and has an estimated number of visits reaching 6,5 million. With a 2.100 spaces parking lot, free of charge, this new shopping and leisure centre has a catchment area of 247.000 people less than 30 minutes away.

Leading edge architecture

Designed by an international, multi-disciplinary team lead by Sonae Imobiliária's José Quintela da Fonseca, the new Centre is perfectly integrated in its surroundings, with its quality and innovative image which interprets elements from the Arab, Christian and Jewish cultures. Employing the traditional colours of Toledo and the finest materials, such as stone, aged ceramics and tiles, wood and iron, the centre, as its name hints, has its lighting as one of the most characteristic elements, because it's treated so as not to interfere with the city's famous night lighting.

Just like all other Sonae Imobiliária Centres, the "Luz del Tajo" has an Environmental Management System which regulates environmental practises in areas such as energy saving, transportation, water treatment, contamination, resource use, selection and use of materials, ecology and health.

With this purpose, the Centre will have a fully computerized system named BMS Building Management System, intended to control energy savings, with a system for the pre-treatment of residues with different containers for fat and hydrocarbons, timers in all public taps and the fitting of filters in all kitchen extraction systems in the restaurant area.

International Expansion

Sonae Imobiliária has already inaugurated two shopping and leisure centre in Spain in 2004, the Dos Mares in San Javier-Murcia and the Avenida M40 in Madrid.

By the end of this year Sonae Imobiliária will have inaugurated, besides the Luz del Tajo, Shopping and Leisure Centre Zubiarte, in Bilbao, consolidating its presence in Spain with a total of 10 shopping and leisure centres representing 450.000m2 of gross lettable area and more than 1250 tenants.

In 2005 Sonae Imobiliária is scheduled to inaugurate the Plaza Éboli, in Pinto-Madrid, and the Plaza Mayor Shopping in Malaga by the Plaza Mayor Leisure Centre, inaugurated in 2002.

More information at  www.sonaeimobiliaria.com