Image: LCM | Multi
Ticker

Linstow Center Management and Multi Corporation kick off expansion of Alfa shopping centre in Riga

On October 3, 2017, Linstow Center Management (LCM) and Multi Corporation have officially launched the 30,000-sqm expansion of the Alfa shopping centre in Riga.

The project involves a total investment of EUR 55 million and is due to be completed in August 2019. Swedbank Latvia is the financial partner of the project and providing a EUR 40 million loan for the construction.

“We are proud to start construction of the extension of Alfa shopping centre, thanks to the effort and commitment of the Linstow Center Management team, the constructor Merks, financial partner Swedbank and the Multi team. The fact that more than 70% retail space is already leased is evidence that all stakeholders believe in this project,” said Gawein Minks, Corporate Development Director Multi Corporation.

Chairman of the Board of Linstow Center Management, Frode Grønvold, said: “The main reason for the expansion is due to the growing demand from tenants and customers. Following the completion of this project, not only will the Alfa shopping centre be the biggest shopping centre in Latvia, it will also carve out a new position in the Latvian market, offering the widest range of products and services, food & beverage, catering and entertainment options for the whole family. I am delighted that Linstow Center Management and Multi Corporation have joined forces to implement such a major project in Latvia.”

CEO of Swedbank Latvia, Reinis Rubenis, added: “We are delighted to be part of a project that combines successful past experience, family entertainment, expertise, growth and ambitions. We wish the teams every success in the expansion of one of the most impressive projects in the retail world!’’

Image: LCM | Multi

New brands and restaurant area

The expansion project will add 30,000 sq m to the Alfa shopping centre, taking the total area to more than 100,000 sq m and increasing the number of tenants from the current 170 to 250. The expansion envisages a new three-storey extension, with a special restaurant area on the top floor spanning almost 6,500 sq m, where visitors will be able to dine at newly-opened restaurants such as LIDO, Vairāk Saules, BabyBack Ribs & BBQ and Galleria d’Arte. At the same time, the shopping centre’s current popular restaurants, such as Gan Bei City, Čili Pica and Double Coffee, will all be reopened.

The first two floors of the new building will offer fashion stores such as Zara, Bershka, Pull&Bear, , Reserved and Mohito, while the expansion will also offer new stores, including Zara Home, Massimo Dutti, Stradivarius, Oysho, House, Cropp, Sinsay and Moskito. The third floor will also delight younger visitors, who will be able to enjoy the use of a special 500-sqm entertainment zone for kids.

On top of this, visitors who enjoy an active lifestyle will be able to take advantage of the 1,700-sqm My Fitness sports club. The new extension will be a great addition to Alfa shopping centre’s existing cinema experience, which is also planned for an integral upgrade.

Image: LCM | Multi

Upgrade landscaping, amenities and parking capacity

The Alfa extension will include a major landscaping upgrade with the creation of a green park, where visitors will be able to relax and enjoy a high-quality environment. In the Alfa shopping centre, there will be added amenities such as baby changing and feeding facilities and family restrooms.

Visitors who arrive by car will also benefit from convenient access to the shopping centre, and the addition of a new underground car park, as well as additional car parking facilities, which will increase the total parking capacity to 2,000 cars. The project also includes the addition of convenient bike parking facilities.

Architects and constructor

TTDesign, the in-house design group of Multi Corporation, is responsible for the concept of the extension and the design of the interior. SIA SARMA & NORDE Arhitekti is responsible for the architecture and the technical execution of the project. Technical supervision of the extension and renovation will be carried out by the FORMA 2 company, while Merks, one of the leading construction firms in Latvia, is responsible for the construction.

Follow ACROSS

Download

fb-art 150

Share this article
Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Ticker MORE

Titanium acquires Ozols shopping center in Riga

The asset was exited by KS Holding to Titanium Baltic Real Estate. The former shopping center Galerija Azur was acquired by the seller in 2016 and redeveloped over three years, then opened under the new name Ozols.

Coniq develops new loyalty programs for Reem Mall in Abu Dhabi

Coniq announced their partnership with Reem Mall (Abu Dhabi) to develop innovative engagement and loyalty programs for unique customer journeys backed by the latest data science, especially for the GCC market.

FCR buys 26, 000 sq m shopping center in Eisenach

FCR Immobilien AG has acquired a shopping center in Eisenach, Thuringia, with a sales area of approximately 26,000 sq m as part of the continuous expansion of its portfolio.

Debenhams.com opens first UK store in Manchester Arndale

Manchester Arndale announced that fashion retailer Boohoo has opened its first Debenhams.com beauty store at the center.

Trafford Center launches Tinsel Town outdoor experience for festive period

Manchester’s Trafford Centre created a festive outdoor experience with Tinsel Town, following the recent Summer Social and Spookfest events.

400th Primark store opens in Italy

Primark opened its 400th international store in Sicily (Italy) today, which now totals eight fashion outlets in their Italian portfolio.