PR Newswire/Les Echos/
Press Release 15 June 2011
ALTAREA COGEDIM CONTINUES TO PURSUE EXPANSION IN SOUTHEAST FRANCE WITH A NEW
RETAIL PARK OF 28,500 SQM IN NIMES
Altarea Cogedim has signed a purchase agreement with Icade to buy a 28,500 sqm
retail park in Nimes adjacent to Carr" Sud and Cap Costieres. Located on a prime
site, this project will accommodate around 15 small units, restaurants and
medium-sized stores alongside Boulanger and Decathlon. Permits have already been
received (CDAC business permit, building permit) and work is due to commence in
the fourth quarter, with delivery slated for year-end 2012. The shopping centre
is due to open in 2013.
The retail park will thus be part of a shopping complex with regional
aspirations and thus dovetails perfectly with Altarea Cogedim's strategy of
large regional retail developments. It is expected to adopt the Family
Village(r) concept of out-of-town retail developments offering shoppers
mass-market chains and a high-quality environmental and architectural setting.
About Altarea Cogedim
Altarea Cogedim is a leading property investment and development company and is
the only group active in all three main property markets: retail, office, and
residential. It has the skills and experience to effectively design, develop,
sell, and manage customised property assets in each of these markets.The
company's risk exposure is aligned with its long-term vision, and it creates
value by designing and building attractive assets and by seizing profitable
opportunities in the property sector. Altarea Cogedim operates in France and
Italy and manages a property portfolio worth EUR2.6 billion. The company has a
market capitalisation of EUR1.5 billion and is listed in Compartment A of NYSE
Euronext Paris.
Press contacts
Nathalie Bardin Valerie Jardat
Head of Corporate Communications Agence Cote Jardat
+33 156 26 25 36 / + 33 141 05 94 10 /
+33 685 26 15 29 +33 612 05 18 35
nbardin@altareacogedim.com valerie.jardat@cote-jardat.fr
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ALTAREA - NEW SHOPPING CENTRE IN NIMES
Jeudi 16 Jun 2011 à 09:00
© 2011 NewsWire
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