PropertyEU
Icade, Klépierre inaugurate EUR 400m mall in Paris
Date: 26 April 2011
Category: Retail
Icade and Klépierre's flagship Le Millénaire shopping centre will open its doors to the public on Wednesday at Porte d’Aubervilliers, just outside the Paris ring road.

The scheme, offering 140 stores across 56,000 m2 of retail space, is over 96% let at opening. It represents the largest retail development project in France undertaken in the past 10 years, involving a total investment of around EUR 400 mln, co-financed in equal measure by the two partners, Icade and Klépierre.

'Le Millénaire is a remarkable architectural achievement, a unique location for shopping, for walking and for leisure activities. Its exceptional retail mix will win over families from the Greater Paris Area as well as those who work in the vicinity,' said Laurent Morel, chairman of the Klépierre Executive Board.

Designed by architect Antoine Grumbach, the complex boasts HQE and BREEAM Very Good certifications, and also offers around 17,000 m2 of office facilities as well as 2,800 parking spaces. Le Millenaire is part of the Grand Paris urban renewal project spreading over five hectares. It is expected to attract up to 14 million visitors per year.
 
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