Fourteen “Megamalls” will be built in Mexican major cities

The developer and marketer of real estate projects in Mexico, GICSA, announced the launch of a new category of shopping centers called “Mallentertainment” which will be operated under the Explanada brand, and will have an investment of between 6 billion and 7 billion pesos, during the first 5 of 14 projects waiting to be inaugurated over the next 5 years.

Currently the company is already developing five Esplanades, of which the first is located in Puebla, and will be opened in September 2017, just as the constructions in Leon, Queretaro, Pachuca and Cancun will begin in the coming weeks.

It is estimated that for every project about 1,500 temporary jobs and 700 to 1,000 permanent jobs will be generated, and the nine shopping centers that subsequently undertake will be located in San Luis Potosi, Torreon and Aguascalientes, among other major cities in Mexico.

At a press conference, Abraham Cababie, CEO of the company said that these “are projects that will open one after another, two to four months.”

The interesting thing about these malls is the offer they are providing because they will have fairs, bowling alleys, hot air balloon, and an entertainment center for more than 5,000 people, cinemas, restaurants, bars, shops among many other things.

They will also have several trade estabishments that will provide items for different markets, as well as hotels, medical centers, department stores and supermarkets, plus they “will feature inclusive spaces that include areas for local artists and for the communities in general to have a platform where they will be able to exhibit and market their products. And also will have shared work spaces known as “CoWorking areas”.

Finally, the executive explained that such projects will have commercial alliances with more than 450 signatures, and that they already have reached agreements with banking institutions for the financing.

Source: http://www.mexiconewsnetwork.com/