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CG malls europe - Commerz Real

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2. Almada Forum<br />

Almada Forum is a prime shopping centre located in the Portuguese city of Almada,<br />

which lies directly south of Lisbon, separated from the Portuguese capital only by the<br />

delta of the river Tagus. Both municipalities are connected through the “25th of April”<br />

Bridge which carries a significant part of the commuter traffic into Lisbon, an estimated<br />

total of nearly one million per day. The centre itself is visible both from the southbound<br />

highway out of Lisbon and from the road connecting Almada with the coastal areas. It<br />

is easy to reach by car via exits from either road. Pragal, near the location of the centre,<br />

has a train station with direct connections to Lisbon. The mall has become the new<br />

centre of Almada. With its scenic setting, Almada Forum offers visitors a magnificent<br />

panoramic view, 1300 metres of track that connects Almada Forum with Parque da Paz,<br />

the main square of Almada, and that is suitable for running and cycling.<br />

The mall is one of the largest in Portugal, offering approximately 81,400 sqm of retail<br />

space on three levels that include a hypermarket, leisure venues, a restaurant and food<br />

court. While giving Almada a new urban centre, the mall complements the town’s identity,<br />

as a touch of “local colour” emanates from a variety of themes used in the design of<br />

the three squares of the mall, the use of local materials and the decoration of the centre<br />

with works by regional artists. The success of this concept was confirmed by a number of<br />

prestigious awards the mall has won since it opened – one of those being the Full Design<br />

and Development Award in 2004. It is the world’s most coveted award for shopping centre<br />

design, and Almada Forum won against entries from USA, Japan, Korea, Spain and<br />

Ecuador. Almada Forum also obtained the Management Environmental Certification (NP<br />

EN ISO 14.001) in 2004.<br />

Almada Forum opened in 2002, and has offered an attractive branch and tenant mix on<br />

55,500 sqm of retail space ever since. In December 2005, a stand-alone annex for another<br />

three shops and a total area of 4000 sqm opened for business. The location has also<br />

gained in attraction for other investors, such as Leroy Merlin and Decathlon.<br />

Property Report<br />

Almada Forum<br />

33

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