Dutch real estate company Multi Vastgoed has announced that it is to develop a second underground shopping mall in Rotterdam in collaboration with ABN AMRO Bank. With an estimated investment value of EUR 300 mln, it will be the biggest inner-city redevelopment project in the Netherlands and Multi claims it will be comparable with the Sony Centre in Berlin. Work is expected to start in 2011, with completion scheduled for 2013.
Dutch real estate company Multi Vastgoed has announced that it is to develop a second underground shopping mall in Rotterdam in collaboration with ABN AMRO Bank. With an estimated investment value of EUR 300 mln, it will be the biggest inner-city redevelopment project in the Netherlands and Multi claims it will be comparable with the Sony Centre in Berlin. Work is expected to start in 2011, with completion scheduled for 2013.
The existing lowered shopping mall under the Coolsingel in Rotterdam has been regarded as a good example of dual use of space, and Multi is planning to apply the same principle in the new shopping area. The second mall will provide a shopping centre covering about 20,000 m2. The plans include at least two towers along with an ABN AMRO low-rise office building on the Coolsingel, providing 45,000 m2 of residential, office and leisure space.
