The project will be developed by Rioja Estates and Osborne+Co in two phases. The first phase of the shopping centre is scheduled for opening in 2025 while the second phase is expected to be completed in 2027.
The outlet shopping centre is estimated to involve an investment of €120m ($135.89m). It will provide visitors with a multi-sensory shopping experience.
The project is estimated to generate 600 construction-related jobs, and an additional 1,500 new jobs across retail, management, and services, upon completion.