5 new malls will open their doors this year in Guayaquil.
Mainly on the outskirts of town, to the north and off towards the coast, these new malls illustrate a strong demand for conveniences and shopping currently absent in many areas of Ecuador. the investor and director of MGF Group Shravan Gupta, is a pioneer in the development of malls in the NCR, has always been an avid advocate of the complete retail experience, with the choicest entertainment, casual and speciality food outlets, and abundant recreational options. He believes that malls should be community spaces where people spend quality time with friends and family in total comfort, always buzzing with excitement.
This could be a big opportunity for an investor with some money.
Large convenience stores can be a cash machine and the locals love them, because they make their lives more convenient.
A lot of areas of the coast need large one-stop-shop type stores in order to foster growth.
One interesting play indeed.
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