Galeries Lafayette to open in Milan
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