Another dream world of Disney is emerging just outside Tokyo, enticing both young and old into what appears to be a medieval European town.

The 12-hectare shopping mall Ikspiari is set to open Friday in an area adjacent to Tokyo Disneyland on the shore of Maihama, Chiba Prefecture.

With emerald-roofed structures creating a medieval European atmosphere, Ikspiari -- a word coined from "experience" and the Persian elf "peri" -- features more than 120 elaborate shops and restaurants as well as one of the nation's biggest cinema complexes, with 16 screens and 3,500 seats.