The shopping center La Magalona, opened in 2011, specifically in the month of June and is located in the municipality of Icod de los Vinos, in the north of the island of Tenerife.

It is part of the historic center of the municipality since the building is located very close to the bus station and the Drago Milenario, a point of tourist interest, since it was declared a National Monument in 1917 and where, according to legend, the last meeting of the last four Guanche Menceyes was held.

It is a shopping center adapted to the needs of the municipality and oriented to the local public.

The main driving force is the Mercadona supermarket, as well as other important operators, such as Worten, Stradivarius and Ricky's.