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Altarea Cogedim continues to pursue expansion in southeast France with a new retail Park of 28,500 SQM in Nîmes

15th June 2011
Altarea Cogedim has signed a purchase agreement with Icade to buy a 28,500 sqm retail park in Nîmes adjacent to Carré Sud and Cap Costières. Located on a prime site, this project will accommodate around 15 small units, restaurants and medium-sized stores alongside Boulanger and Décathlon.
Permits have already been received (CDAC business permit, building permit) and work is due to commence in the fourth quarter, with delivery slated for year-end 2012. The shopping centre is due to open in 2013.

The retail park will thus be part of a shopping complex with regional aspirations and thus dovetails perfectly with Altarea Cogedim’s strategy of large regional retail developments. It is expected to adopt the Family Village® concept of out-of-town retail developments offering shoppers mass-market chains and a high-quality environmental and architectural setting.
 
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Altarea Cogedim