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Ardis Medina Center is a well-established shopping mall located in the heart of Algiers, Algeria. The mall is positioned as a premium retail destination, offering a mix of high-end international brands alongside local shops. With a total Gross Leasable Area (GLA) of 45,000 square meters, the center caters primarily to middle to high-income shoppers. It features a modern architectural design, ample parking spaces, and excellent foot traffic, especially on weekends.

However, the mall faces challenges with an aging infrastructure, and certain sections of the mall require renovation. Despite this, the mall continues to attract a steady flow of visitors, particularly due to its strategic location near commercial and residential areas. The center offers a variety of services, including restaurants, entertainment options, and a supermarket, but its current tenant mix is heavily skewed towards fashion, leaving limited diversity in terms of retail categories.

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Hours of Operation

Hours

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Monday09:00 AM — 10:00 PM
Tuesday09:00 AM — 10:00 PM
Wednesday09:00 AM — 10:00 PM
Thursday09:00 AM — 10:00 PM
Friday09:00 AM — 10:00 PM
Saturday09:00 AM — 10:00 PM
Sunday09:00 AM — 10:00 PM
Holiday Hours

Hours may vary on public holidays. Check with individual stores for specific holiday schedules.

None Rue Medina, Algiers, Algeria

Insights

Location Advantage

The mall benefits from a prime location in a densely populated area of Algiers, which ensures a steady stream of foot traffic. This positioning is advantageous for retailers seeking visibility and customer reach. However, the mall's proximity to other commercial centers could lead to heightened competition, especially for fashion retailers.

Tenant Mix

The tenant mix heavily leans toward fashion retailers, which may limit appeal for businesses looking to diversify into other categories such as electronics, home goods, or services. This could be a disadvantage for brands looking to stand out or cater to a broader demographic.

Maintenance Concerns

The mall is showing signs of aging infrastructure, particularly in some of the older sections. While renovations are planned, delays could lead to interruptions or dissatisfaction for retailers operating in those areas, especially if the mall fails to address these issues promptly.

Building Details

Property Type
Community
Gross Leasable Area
23,326
Year Built
2012
Parking Spaces
4000
Average Monthly Footfall
833,333
Owner
Ardis Spa
Anchor Tenants
CAMAIEU, Tape à l'oeil, Pimki, Orchestra, Lufian, Adidas

Detailed Market Analytics

Primary Catchment Area
5 Kilometers
Secondary Catchment Area
15 Kilometers
Catchment area population
1,200,000 People
Population growth rate
1.5 %
Median age
29 Years
Household size
4.8 People
Education level (tertiary)
25.0 %

Median household income
6,500 USD
Unemployment rate
11.7 %
Cost of living index
60 Index

Retail spending per capita
1,800 USD
Spending on apparel
350 USD
Spending on groceries
900 USD
Spending on electronics
250 USD

Annual foot traffic
10,000,000 Visitors
Dwell time
90 Minutes
Conversion rate
20.0 %
Sales per square meter
3,500 USD

Number of retail stores
29 Stores
Anchor tenant presence
Yes
Competitor density (same category)
10 Stores
Tenant diversity
70.0 %
Unique Concepts
15 Stores

Number of Levels
1 Levels
Average rent per square meter
25 USD
Vacancy rate
8.0 %
Lease term flexibility
Medium
Available retail space
1,866 Square Meters
Gross Leasable Area
23,326 Square meters

Proximity to main roads
0.5 Kilometers
Public transport access
Yes
Parking spaces
4,000 Spaces
Pedestrian traffic
High

E-commerce competition
Moderate
Click-and-collect adoption
10.0 %
Internet penetration
72.9 %

Retail crime rate
Low
Security measures
High

Promotional events
50 Events
Loyalty program penetration
15.0 %
Digital signage presence
Yes

Projected foot traffic growth
5.0 %
New tenant pipeline
10 Stores
Mall expansion plans
No
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Algiers

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Algiers

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