Megalò is the regionally dominant and prime shopping destination in the Abruzzo region. The centre benefits from an unrivalled fashion competence and the broadest “one stop shop” retail offer in its catchment of 700,000 inhabitants. The diverse retail offer is complemented by an attrative cinema and gastronomy.
The Investment Strategy
- Acquired in 2011 by the ECE European Prime Shopping Centre Fund I
- The sector and tenant mix has been optimised through over 100 leasing transactions including over 40 retailers newly introduced to the centre
- Several units have been “right sized” and shop locations in the centre have been optimised
- The foodcourt has been comprehensively refurbished, increasing customer draw and dwell times
- Transferred to the ECE Progressive Income Growth Fund in 2019