Altarea Cogedim now owns 100% of Qwartz, France's 1st connected regional shoppping center | Bourse Reflex
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Altarea Cogedim now owns 100% of Qwartz, France's 1st connected regional shoppping center

Lundi 23 Mar 2015 à 09:00

PR Newswire/Les Echos/


Paris, March 20, 2015


Altarea Cogedim has just signed an agreement with an entity held by Orion
European Real Estate Fund III CV, a fund managed by Orion Capital Managers.
Altarea Cogedim Group now owns 100% of the Qwartz regional shopping center
located in the Département des Hauts-de-Seine (Paris Greater Area). The
transaction was carried out based on a 100% market valuation of approximately
EUR400 million.

Qwartz was created following more than 10 years of thought and planning. With
its singular positioning combining of brick-and-mortar and digital retail, the
center effectively embodies shopping center revitalization. Featuring a
multitude of innovative concepts specifically developed for Qwartz, the regional
shopping center located in the Département des Hauts-de-Seine offers customers
a unique range of products and services for a new kind of shopping experience.

An exceptional showcase for retailers, Qwartz has been taken up at 100%. Its 165
national and international retailers spanning a surface area of 925,750 ft²
(86,000 m2) include a Carrefour hypermarket featuring the latest digital
innovations developed to facilitate customers' purchasing itinerary, and 15
mid-sized stores including the brand new duo of Marks & Spencer and Primark,
each covering 53,750 ft² (5,000 m²).

Since it opened less than a year ago, the shopping center's unique positioning
has been recognized on several occasions: Qwartz won a MAPIC Award for the
category of "Most Innovative Shopping Center," as well as the "Janus du
Commerce" label in the fall of 2014. The center was also awarded the Prize for
the Most Connected Catchment Areas at the first annual Nuit du Commerce
Connectée, organized by Retail Networks.

Footfall at Qwartz is expected to exceed 7 million visitors in its first year,
with a long-term goal of 9 million visitors.

About Altarea Cogedim -
Altarea Cogedim is a leading property group. As both a commercial landowner and
developer, it operates in all three classes of property assets: retail,
residential and offices. It has the know-how in each sector required to design,
develop, commercialize and manage made-to-measure property products. With
operations in France, Spain and Italy, Altarea Cogedim manages a shopping center
portfolio of EUR4 billion and ranks among the leading e-commerce sites in France
thanks to its subsidiary, Rue du Commerce. Listed in compartment A of the NYSE
Euronext Paris, Altarea had a market capitalization of EUR1.6 billion at
December 31, 2014. @altareacogedim. -

* Guylaine Mercier * Valérie Jardat
Head of Group Communications Press Relations
+33 1 56 26 25 36 +33 1 41 05 94 10 / +33 6 12 05 18 35

* Nicolas Castex
Press Relations
+33 1 53 32 78 88

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