Shopping centre projects in North Africa
The Group has an investment in Algeria’s first shopping, leisure and business centre known as “Bab Ezzouar”. This investment is via the Société des Centres Commerciaux Algérie SPA (SCCA), in which Valartis Group AG holds a stake of about 35%. The construction of the 100,000 square metre complex was managed by our real estate experts in Geneva. It was opened in August 2010 following three years of construction. Since then it has solidified its position as the place to be in Algiers, with 5.6 million visitors and total sales of approximately EUR 75 million in 2011.
Bab Ezzouar Website