French property developer Altarea-Cogedim is joining forces with private equity group Orion Capital Managers to develop a new shopping centre in Villeneuve-La-Garenne, north of Paris. The project is a 50/50 joint venture between Altarea-Cogedim and a fund managed by Orion.
French property developer Altarea-Cogedim is joining forces with private equity group Orion Capital Managers to develop a new shopping centre in Villeneuve-La-Garenne, north of Paris. The project is a 50/50 joint venture between Altarea-Cogedim and a fund managed by Orion.
The development will offer 86,000 m2 of gross lettable space. It will be anchored by a 12,000 m2 hypermarket, and will include 150 shops, 12 medium-sized retail units as well as a parking lot with 3,000 spaces. Delivery is scheduled for 2013, the companies said.
