CB Richard Ellis Italy's Capital Markets team has successfully formed a joint venture partnership between Italian food retailer Nordiconad and construction firm CMB for the development of a shopping centre adjacent to the new Juventus stadium project in Turin.
CB Richard Ellis Italy's Capital Markets team has successfully formed a joint venture partnership between Italian food retailer Nordiconad and construction firm CMB for the development of a shopping centre adjacent to the new Juventus stadium project in Turin.
The total investment value for the development exceeds EUR 80 mln. CBRE advised Nordiconad and will continue to work with the joint venture to provide exclusive letting services.
The shopping centre will open in autumn 2011. With 30.000 m2 gross leasable area, the centre will reach a catchment area totalling 1.6 million inhabitants. Tenants will include a Conad Leclerc Hypermarket and a selection of fashion and sport brands.
