The Cost of Building a Mall: A Comprehensive Guide

When considering building a mall, one of the primary concerns is the cost involved. While permanent structures can provide long-term benefits, they also come with significant upfront costs. In recent years, temporary structures have gained popularity in the retail sector due to their ability to minimize disruption and lost revenues during construction or refurbishment projects.

One example of a successful temporary mall project is the installation of a 9000 sq m center in a nearby park. Neptunus experts constructed the facility using several Evolution structures seamlessly connected together, making it the largest temporary shopping centre to be installed in Europe. The project was completed in just four months and featured all necessary facilities, including lighting, security, and internal fit-out features.

The benefits of temporary malls extend beyond their ability to provide additional retail space during peak trading periods. They can also be used for market testing new locations, product launches, and promotions. In addition, they offer a cost-effective solution for accommodating events and festivals.

A key factor in the success of temporary malls is the ease with which they can be assembled and dismantled. The Neptunus Evolution structure, for instance, features an aluminium space-frame roof that can be lifted into place using hydraulics. This quick and easy assembly process minimizes downtime and ensures that businesses can resume trading as soon as possible.

The use of temporary malls is particularly beneficial during times of economic uncertainty. As April Trasler, UK Managing Director at Neptunus, notes: 'With a level of finishing equivalent to that of permanent buildings and available complete with all services and internal fit-out features, temporary buildings are almost impossible to distinguish from permanent structures.' This makes them an attractive option for retailers looking to minimize costs while still maintaining a professional image.

In conclusion, the cost of building a mall can be significant, but temporary structures offer a viable alternative. With their ability to provide additional retail space during peak periods, market test new locations, and accommodate events and promotions, they are an increasingly popular choice in the retail sector. By understanding the benefits and limitations of temporary malls, businesses can make informed decisions about their future plans and operations.

Cost of building a mall