According to several Italian media, French department store operator Galerie Lafayette has confirmed it will open a unit in Milan within the future Westfield Milan shopping complex, in the area of Segrate (10 minutes from Milan downtown), near the Linate Airport (closest airport to Milan). The project is jointly developed by Arcus Real Estate (Percassi Group) and Australian based Westfield. The site is estimated to have cost $160 million.
The first phase of the project will cover 170.000 sqm and is scheduled to open before the 2015 Expo in Milan. The second phase will add 250,000 sqm. However, the project is heavily dependant on the execution of the Ring Road East Lambrate, a key infrastructure element in the area which is scheduled to be inaugurated late July.
Westfield Milan will include: 300 stores, 50 restaurants, 14-screen multiplex cinema and a luxury village. Galeries Lafayette Milan will cover a space of 18.000 sqm and is estimated to open 2017/18
More from NEWS
Balmain Beach Club debuts at Neiman Marcus
Neiman Marcus, in partnership with Balmain, is pleased to introduce Balmain Beach Club, an exclusive collection and immersive customer activation in Dallas. …
Swarovski opens new flagship store in Milan, Italy
Swarovski has recently opened in Milan the first flagship store in Italy. Located at 31 Piazza Duomo in Milan the …
Venice Simplon-Orient-Express sails into Venice – La Biennale di Venezia
The legendary Venice Simplon-Orient-Express, A Belmond Train, Europe remakes history by bringingL’Observatoire – a private and exclusive sleeper carriage designed …