Iguatemi, one of the largest developers and managers of shopping malls in Brazil, has expanded its Campinas center by 215,000 square feet, bringing the size of the mall to 1.5 million square feet and making it one of the biggest shopping complexes in the country.
The expansion, which opens on Thursday, will house 104 new stores, including — for the first time — international retailers. The extension also features a movie theater, gym, restaurants and a food court.
The redesigned Iguatemi Campinas received a $64 million investment from Iguatemi Empresa de Shopping Centers SA. The company said the Campinas center reinforces Iguatemi’s goal to strengthen its presence in the State of São Paulo and position itself within the regional consumer market.
Among the retailers that will be represented in the expansion are Michael Kors, Tommy Hilfiger, Gap, Sephora, Diesel, Lacoste, Skechers, The North Face, New Balance, Yves Rocher, Kiehl’s and Zara Home.
New restaurants in the extension will include Coco Bamboo, PF Chang’s, Johnny Rockets, Olive & Vine and Abbraccio.
The expansion was designed with skylights and areas open to the outdoors, allowing shoppers to see views of the lush vegetation surrounding the mall. Iguatemi designed 28 acres of outdoor gardens extending 323,000 square feet and planted 300 palm trees.
Iguatemi has equity holdings in 15 shopping malls, one premium outlet and three commercial towers with 7.1 million square feet of total gross leasable area. It also has three green field shopping mall projects, three ongoing expansions and an office tower under construction.