The new 4,000 sqm food court complements and strengthens Lingotto Shopping Centre’s positioning as a leading retail and leisure destination and represents the last stage of a €20 million sympathetic refurbishment and extension project for the iconic shopping centre that Pradera acquired in joint venture with AXA IM Alts in 2018.
Roberto Limetti, Managing Director at Pradera, says: “On October 10th 2019, we presented our ambitious vision for the (then) “8Gallery” shopping centre to the press. Our idea was to add a pavilion (Pad5) from the Turin exhibition centre, thus expanding the retail area by over 8,000 sqm, refurbish the existing 25,000 sqm and finally create a new food court in Court 1, close to the cinema. What was already an ambitious project back then, it was made even more arduous by the Covid pandemic. In spite of all the unforeseen challenges, we are extremely proud and delighted to have delivered a new, modern, extended, refurbished and sustainable Lingotto to our investors and to the city of Turin”.
“The new Lingotto Shopping Centre is the ideal destination for retail and leisure activities in Turin. The diverse retail offer appeals to families and shoppers seeking immersive, memorable brand experiences, aided by innovative technology, exclusive services and events.”, comments Fabrizio Cardamone, Director of Lingotto Shopping Centre “The refurbishment and extension project has revitalised and completely transformed the shopping centre over two tremendously challenging years.”
“The new food court is modern, bright, welcoming, and ideally located by the multi-screen cinema. Our objective was to maximise the inherent synergies between food and leisure, which had never been fully exploited before.” adds Roberto Limetti “Amongst the new brands we have Poke House, Giovanni Rana, La Piadineria, Burger King, Domino’s Pizza, Bun Burgers, Panini Durini and Grom; we have also relocated existing operators such as Old Wild West, Rossopomodoro and Wiener House and welcomed higher end operators such as Crudo, a Japanese restaurant.” Since the launch of the new food court, the current F&B operators have reported revenues exceeding their forecasted targets and / or reached those targets much faster than expected.
“Being committed to sustainability, the €20 million investment was carried out with ESG (Environmental, Social and Governance) implications at the forefront of every decision. For the first time in its history, the Lingotto Shopping Centre has been awarded the BREEAM IN USE “Good” certification, which we are extremely proud of.” concludes Roberto Limetti.