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Aveiro: Vougainvest Group to Enlarge and Renovate the Glicínias Plaza
12 September 2017
The shopping centre Glicínias Plaza, in Aveiro, will undergo renovations and an extension, in an investment totalling 40 million euros. Two new floors will be built, the Vougainvest Group, owner of the development, announced.
In a statement, the group reveals that the project will increase the gross leasable area from 28,000 to 41,000 square meters. The company also intends to open another 45 stores and create 500 parking spaces.
“[The city will benefit from] the natural increase in commercial supply, hundreds of new jobs, the continued of the existence of a recreational place with improved conditions, and the endowment of the surrounding region to Glicínias,” Jorge Buco, managing director of the Vougainvest Group, said.
The surrounding area of the building will also change with “the improvement of some communication routes, the creation of green spaces and the construction of a playground,” the document adds.
Construction will commence in January 2018 and is expected to last until October 2019, during which time the shopping centre will continue to operate normally.
The project’s presentation is scheduled for September 18 at the Santa Joana museum in Aveiro, with the presence of Jorge Buco, the group’s manager Daniel Lafforgue, the project’s architect, Vítor Pais, and the president of the Aveiro town council, José Ribau Esteves.
Founded in 1995, Vougainvest is a developer specialising in shopping centres. The company also owns the Foz Plaza in Figueira da Foz.
Original Story: Diário Imobiliário
Translation: Richard Turner