ALTAREA currently manages 444,000 m² GLA of shopping centre projects. After deduction of the areas sold to the flagship brands (hypermarkets or IKEA) and of the proportions reserved for financial partners, ALTAREA’s proportion of the investment relates to 308,400 m², or €700 million for the next 5 years, representing €70.6 million in rents.
Type
Town/Centre
Total area (in m² GLA)
Company proportion of total area (in m² GLA
Town centre
Châlons-en-Ch./Galerie de l’Hôtel de Ville
5 300
2 100
Town centre
Toulouse/Espace Saint-Georges
14 500
7 200
Town centre
Paris/Gare de l’Est
5 200
5 200
Town centre
Paris/Avenue de Wagram
11 700
11 700
Town centre
Mulhouse/Porte Jeune
18 600
15 300
Town centre
Kremlin Bicêtre
35 000
10 100
Town centre
Tourcoing/Espace Saint-Christophe
13 100
5 600
Town centre
Strasbourg/L’Aubette
5 900
5 900
Town centre
Thionville/ La Cour des Capucins
7 900
7 900
Town centre
Genova/Ponte Parodi
38 700
38 800
Town centre sub-total
155 900
107 800
Entrance to town
Pierrelaye/Les Portes de Pierrelaye
10 000
10 000
Entrance to town
Villeparisis/Les Portes de Villeparisis
33 100
19 300
Entrance to town
Noyon/Le Parc du Mont Renaud
9 200
9 000
Entrance to town
Bordeaux Ste Eulalie (Tranche 2)
6 200
6 200
Entrance to town
Ris/Les Portes de Ris Orangis
14 500
14 100
Entrance to town
Family Village Thiais
41 900
20 500
Entrance to town
Family Village Aubergenville
39 800
38 800
Entrance to town
Lyon/Carré de Soie
57 300
28 600
Entrance to town
Family Village Brest
28 600
27 800
Entrance to town
Family Village Mougins
30 200
11 500
Entrance to town sub-total
272 800
185 800
TOTAL
428 700
293 600
Among projects under development, four were under construction as of 31 December 2004 :
Espace Saint-Georges in Toulouse (31)
The restructuring of a shopping complex opened in 1973 and located in the very centre of the city of Toulouse. Covering 14,500 m² GLA, the project includes the complete renovation of access to the centre, a major reshaping of the car parks, the creation of glass walls looking out over a new public garden and the arrival of new chains. Completion is expected in 2006.
Galerie de l'Hôtel de Ville in Châlons-en-Champagne (51)
The renovation of a shopping centre located in the town centre and covering 5,300 m² GLA, comprising a supermarket and shops. The opening is expected at the end of 2005.
Italie : Casetta Mattei Center in Rome
The completion of an out-of-town shopping centre in a district to the west of Rome. Covering 15,600 m² GLA, it includes the establishment of a CONAD-LECLERC hypermarket, 3 medium-sized and 50 small shops. The opening took place in May 2005.
Les Portes de Villeparisis (77)
The completion of a shopping village of 13 medium-sized shops with a home and leisure theme, covering a total of 33,100 m² GLA, together with two restaurants. The opening is expected in 2006.
