MAPIC: Redevco to invest EUR 105m in Bordeaux project

European retail property company Redevco has unveiled plans during the Mapic fair for a 30,000 m² open-air commercial development in the historic heart of the French city of Bordeaux. Redevco said the Promenade Sainte-Catherine project will represent a total investment of EUR 105 mln.

Redevco said the scheme will be developed in accordance with the BREEAM sustainability standards. It will consist of 19,000 m² of open-air commercial space and 9,000 m² of residential properties.

The project will offer 32 retail units: nine large spaces, seven medium-sized units and sixteen smaller units, including a new restaurant offering and a varied mix of new prêt-à-porter brands. Managed by Nexity, the residential portion will be used to create 93 flats and 40 parking spaces.

Designed by the Valode & Pistre architectural firm, the Promenade Sainte-Catherine is scheduled for completion by April 2015.

'The Promenade Sainte-Catherine reflects the essence of our core business and our investment strategy in France: a high-quality retail project in line with BREEAM standards and linked to a major shopping district in one of France’s main cities. We are very proud to be supporting the vigorous commercial growth of a Unesco World Heritage city so rich in history and artistic tradition,' said Julien Di Pizzo, senior developer at Redevco France.






















The project will offer thirty-two retail units: nine large spaces, seven medium-sized units and sixteen smaller units, including a dynamic restaurant offering and a varied mix of new prêt-à-porter brands to better meet the shopping needs of the people of Bordeaux. Managed by Nexity, the residential portion will be used to create ninety-three flats and forty parking spaces.

Constituting a true “urban transplant”, the entire project will provide visitors and residents with an exceptional environment that combines modernity and historical heritage, as well as great retail potential for national and international brands, most of which will be new to the city centre.

The many restaurants on-site will also play a key role in the dynamic character of the area both during the day and at night.

Designed by the Valode & Pistre architectural firm, the Promenade Sainte-Catherine is scheduled for completion by April 2015.

“The Promenade Sainte-Catherine reflects the essence of our core business and our investment strategy in France: a high-quality retail project in line with BREEAM standards and linked to a major shopping district in one of France’s main cities. We are very proud to be supporting the vigorous commercial growth of a UNESCO World Heritage city so rich in history and artistic tradition,” underscores Julien Di Pizzo, Senior Developer at REDEVCO France.

Redevco’s activities in France focus primarily on high-quality retail properties in large city centres.


ABOUT REDEVCO
Redevco is an independent international real estate company, managing and developing one of the largest retail portfolios in Europe, currently valued at 7.5 billion euros. The portfolio comprises over 700 properties in top locations throughout 16 countries. The company also operates in Asia, where it is building a retail portfolio in the larger metropolitan areas, with a focus on China. Redevco is owned by Cofra Holding AG, a Swiss-based holding company.

For more details, please contact:

Lisette van der Ham
Head of PR & Corporate Communications
Redevco B.V.
Wibautstraat 224, 1097 DN Amsterdam
Postbus 94277, 1090 GG Amsterdam
The Netherlands
Tel.: +31 20 599 62 62
Fax: +31 20 599 62 63
Email: lisette.van.der.ham@redevco.com
Website: www.redevco.com

Treize Cent Treize
Tel.: +33 (0)1 53 17 97 13
Marie-Hélène Needham – mh.needham@treizecenttreize.fr
Alain N’Dong – alain.ndong@treizecenttreize.fr