Albania’s breathtaking southern Riviera has long been a hidden gem, captivating travelers with its pristine beaches, rugged landscapes, and rich cultural tapestry.
But the region’s allure is about to reach new heights with the recent unveiling of “Galeria By TEG,” the largest and first shopping center of its kind in the area.
Located at the entrance to the renowned Green Coast in Palasa, this impressive 4,500 square meter complex represents a significant milestone in the development of Albania’s tourism and retail sectors. Described by industry expert Samir Mane as a transformative investment that will benefit the region for years to come, Galeria By TEG is poised to become the premier destination for shopping, dining, and leisure along the Albanian Riviera.
Albania’s tourism industry has experienced a remarkable surge in recent years, with the country ranking among the most optimistic European destinations in terms of visitor growth. This upward trend is expected to continue, fueling the demand for high-quality, versatile facilities that cater to the evolving needs of both tourists and local residents.
Mr. Mane mentioned, “We will soon witness the opening of more establishments, such as 46 restaurants and bars, as well as 7 luxury hotels from renowned global brands, with 4 of them currently being built.”
Galeria By TEG rises to the occasion, boasting a diverse portfolio of well-known brands and a rich tapestry of shopping, dining, and entertainment options. From fashion and electronics to gourmet cuisine and leisure activities, this cutting-edge complex is designed to offer a comprehensive experience that reflects the aspirations of the Green Coast and the broader Albanian Riviera.
The significance of this investment cannot be overstated, as it aligns with the ambitious vision of the BALFIN Group’s Green Coast project – a landmark 1 billion Euro undertaking that is redefining the standards of tourism in Albania and the Western Balkans. With a range of high-end amenities, including underground parking, children’s playgrounds, and a Blue Flag-certified beach, Green Coast is poised to become the most sought-after destination in the region.
For investors, the allure of the Green Coast and the wider Albanian Riviera is undeniable. Reinaldo Pipiria, the Executive Director of the National Albanian Real Estate Association (NAREA), highlights the consistent growth in property values and the increasing demand for coastal residences, driven by the strategic location and exceptional services offered by developments like Green Coast.
70% of the building surface of the residential complex, luxury villas, shopping center, restaurants and bars, 5-star hotels are made of glass and of course at the basis of the super quality project is also the highest quality glass, where the Guardian Glass Europe and their representative for Albania Mr. Erion Sico, helped with the specification and installation of the highest quality glass, which includes components such as: exceptional solar control and light transmission – plus high thermal insulation with a clean, natural look and subtle reflective quality that achieves an extremely uniform aesthetic across of design contours and different viewing angles.
As Albania continues to capture the attention of global travelers and savvy investors, the launch of Galeria By TEG represents a pivotal moment in the country’s tourism and real estate landscape. With its unparalleled offerings and the broader transformation of the Green Coast, this new shopping center is set to unlock a new era of prosperity and opportunity along the stunning shores of the Albanian Riviera.
Source: GlassBalkan
