Commercial real estate

Retail, Promos invests 80 million over three years on food and services

Development and expansion projects among outlets, parks and shopping centres announced at Mapic Italy 2026

by Laura Cavestri

Un rendering del San Marino Outlet

3' min read

Translated by AI
Versione italiana

3' min read

Translated by AI
Versione italiana

Planned investments of almost EUR 80 million over the next three years, a portfolio that today counts 16 assets under management and a share of around 30% of the outlet market in Italia. On the occasion of Mapic Italy 2026, Promos presented its new development, expansion and valorisation projects, which focus above all on food, services (including healthcare) and, in some cases, fashion.

Starting with the Valmontone shopping area, adjacent to the Valmontone Outlet, a strategic initiative in which the Group operates as a direct investor. After the completion of the first phase, which saw the opening of the McDonald's restaurant at the end of 2025 and the arrival of Eurospin by December 2026, the Group will start the second phase of the project in July, with the completion of the works and the inauguration by the summer of 2027. The intervention will cover an area of about 13,500 square metres and will include medium-sized areas dedicated to fashion, services, food & entertainment.

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The Group's strategic focus on food & beverage as a driver of development continues. By the end of 2026, in fact, the Mondovicino Outlet Village construction site will be started, a project that will lead to the creation of the first food court inside an outlet in Piedmont. The building site will cover a total of 8,500 square metres and will include the construction of 6 new restaurants with outdoor dehors and a brand mix composed of 70% international chains and 30% local brands.

The focal point for 2026 will be the start of the construction site for the redevelopment of the San Donato Plaza (Novoli, Florence), an asset that already generates 5 million annual visitors. The project, due to start in June 2026, envisages the recovery of a never completed cinema hall for the creation of new units dedicated to food & beverage. Another construction site, scheduled to start in September 2026, concerns the Continente Shopping Centre in Mapello (Bergamo). The project envisages the opening of four new surfaces by Black Friday 2026.

Among the operations to be launched in 2026 is the expansion of the Barberino Outlet. The operation, the first since Promos became part of the asset's management, will involve approximately one thousand square metres, with the inauguration of six new units planned by the end of the year.

At the Brugnato 5Terre Outlet Village, on the other hand, a new project involving an area of about 4,000 square metres will get underway. The start of the construction site, aimed at revitalising the entire area with the opening of new stores and a McDonald's Drive, is scheduled for September 2026, with inauguration planned for April 2027.

"The Retail Real Estate sector is undergoing a structural metamorphosis: shopping areas have ceased to be just places to buy to become multi-experiential destinations capable of integrating services, food, and entertainment," said Filippo Maffioli, Managing Director of Promos. "In this scenario, our new course is supported by an investment plan of almost 80 million euro over the next three years. Our mission is to identify assets with unexpressed or tired potential and, thanks to fully integrated in-house expertise, regenerate them into current, sustainable and profitable realities. We are the only player in Italia capable of governing both the outlet and shopping centre and retail park sectors with a unified strategic approach, creating economic and social value where the market sees complexity".

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