About the centre
Located in Loulé, Algarve Project is the IKEA Centres’s second retail scheme in Portugal. The Centre, with 85.000sqm, is a regional retail, in the south and most touristic region of Portugal, anchored by a Next Generation IKEA store, integrated in a closed shopping centre and also with an open-air Outlet.
The Shopping Centre will be fashion orientated, with a food court and a leisure concept that enables to position the retail destination in Algarve, as the best shopping and leisure destination for locals and tourists.
To be different across the region, the Complex includes an Outlet. This will be the only regional Outlet development in Algarve in terms of size, tenant mix and quality. Our objective is to create a fashion area where the most important players in the market will be, in order to create a differentiator shopping destination.
The area between the Outlet and the Shopping is used for restaurants, kiosks and leisure activities. A meeting point, a place to be! A fun day out!
The IKEA store will be the first one to open in the region and will be a very strong inspirational furniture anchor for the entire region.
The project is totally innovative in terms of sustainability, once it will have a BREEAM Certification, which means maximum efficiency at resources and equipments operations, with an environmental and social positive impact.