Eurofund Group, the international real estate investment and development company behind numerous successful projects in continental Europe, announces a new deal with UCI Cinemas, at UBBO in Lisbon.
Once the new cinema opens, after its refurbishments, UBBO to further enhance its position as one of the main leisure destinations in the Portuguese capital.
Lisbon, 10 February 2023 – Eurofund Group, the international real estate investment and development company behind numerous successful projects in continental Europe, announces a new deal with UCI Cinemas, at UBBO in Lisbon. Once the new cinema opens, after its refurbishments, UBBO to further enhance its position as one of the main leisure destinations in the Portuguese capital.
Launching at the end of summer, 2023, UCI Luxe at UBBO’s shopping resort, will boast more than 4,000 sqm, 11 exclusive cinema projection rooms and a total of 981 seats. Each seat will be VIP, reclinable and spacious, with a personal table, and more room between rows.
Its stunning large screens and cutting-edge sound and projection technology will enable a multi-sensory experience.
From arthouse films to blockbusters, the cinema’s program will include a variety of movies, as well as concerts, sports, and live broadcasts.
Javier Martín, Leasing Director Eurofund Group, remarked: “We at Eurofund Group are very proud of the achievement of this important transaction, meaning a complete success for UBBO. The company’s mission in Portugal is to turn UBBO into a unique shopping resort, with unparalleled retail and entertainment offer, and to boost exceptional service to both the end customer and our tenants, so that every visit to the centre is unforgettable.”
Andreas Gillen CEO Retail Iberia Eurofund Group: “The ongoing improvements at UBBO continue to attract and secure exciting tenants, further bolstering the premium leisure offering available at the centre. With a continued program of upgrading and upscaling, we look to consolidate UBBO’s reputation to continuing Portugal’s N.1 retail and leisure destination.”
Andreas also highlighted UBBO’s successful performance: “The shopping resort ended the year on a record-breaking note with an annual increase in footfall of 20 % compared to 2019, having welcomed 18.4 million visitors during 2022. The sales performance was equally spectacular, with a 22% increase compared to previous years.”
About Eurofund Group
Eurofund Group is an investment and development company operating in Spain, Portugal, UK and Italy. The group includes Eurofund Retail, a Living division that already operates as Tribu, (a co-living space in London) and they are soon planning to invest in Senior Living projects, and The Hood, an innovative anti-mall concept that combines street food, leisure, and cultural activities already operating in Lisbon.
Some of the company’s most notable projects include Puerto Venecia Zaragoza, voted the best shopping center in the world at MAPIC 2013; the acquisition of UBBO (formerly Dolce Vita Tejo) in Lisbon, where Eurofund Group has transformed it into the first Shopping Resort in Portugal; and the recent acquisition of Silverburn, the benchmark shopping center in Glasgow, UK. (Italy market)
For more information about Eurofund Group, please visit: www.eurofundgroup.com
About UBBO
UBBO shopping resort is strategically located in the metropolitan area of Lisbon and brings a new concept to Portugal, mixing leisure and shopping in just one place. With over 127,000 m2 and two floors, UBBO has more than 280 stores and the largest indoor plaza in Europe – a stunning space that recreates the outdoors, with a 130m2 screen in the middle of the garden. Major anchor operators include Alcampo, Primark, Inditex Group, H&M, Kidzania, UCI Cinemas, Holmes Place gym and El Corte Inglés. There are also leisure areas such as Kidzania, Sould Park Jump and Marvel Mission, unique in Portugal. At the shopping resort you will also find an Auchan hypermarket, a Holmes Place gym and a UCI Luxe cinema tolaunch in 2023.
Following a €50m investment programme UBBO was voted the #1 shopping centre in Lisbon in 2020, up from #8 five years previously, and has retained the award in 2021, 2022 and 2023.
