Redevco Belgium is to redevelop 14,000 m[sup]2[/sup] of the complex located on Korenmarkt in Ghent. Part of the complex will be demolished and rebuilt, and the remaining parts thoroughly refurbished.
Redevco Belgium is to redevelop 14,000 m2 of the complex located on Korenmarkt in Ghent. Part of the complex will be demolished and rebuilt, and the remaining parts thoroughly refurbished.
The complex is situated in the historical centre of Ghent on the most strategic and commercially important corner of Korenmarkt. The reopening of the completely refurbished complex is scheduled for spring 2012.
The building was operated as a Sarma department store until 1997. When this store closed, the building was split into several retail units on the ground and first floors; the other floors remained empty. The complex consists of two buildings forming one commercial entity, spread over five levels.
Redevco Belgium is carrying out the redevelopment in order to create a Saturn store on several levels and refurbish the existing stores on the ground floor. Saturn will cover a gross leasable area of approximately 5,500 m2.
The other tenants - Ici Paris XL, Hans Anders, Damass, Blokker and Casa - have been granted commercial leases for new, adapted units in the complex. Hema will continue to operate from its current premises. On the third floor of the complex, Health City will install a brand new fitness centre on 1,400 m2.
