British-based McArthurGlen is on track to open its new designer outlet village at Plaza Mayor shopping centre by the end of next year, company bosses have said.
Work has been going on for a few months clearing and preparing the site, which is located next to the existing Plaza Mayor centre near Malaga airport. Initial preparations have involved demolishing a disused area of bars and closing off part of the car park.
On Wednesday this week the foundation stone of the new complex was laid and more details were given on the project which is designed to stimulate retail tourism on the Costa del Sol.
The 140-million-euro project will be divided into two phases with an eventual size of 30,000 square metres. In the first phase there will be 17,750 square metres of commercial space with 100 shops. Retailers need to offer discounts of between 30 and 70 per cent to open in the new mall. The company expects to receive some two million visitors a year.
While none of the brands that will be in the centre have been announced, names in some of the company's other locations include Prada, Versace, Michael Kors and Armani.
This is McArthurGlen's first designer village in Spain but it has 24 others in nine countries. Among its six in the UK are Cheshire Oaks, Ashford, East Midlands and Swindon.
Sonae Sierra, which owns the whole Plaza Mayor development, has committed to improving road access ahead of the opening.