CDS Holding, one of the leading retail property developers in Italy, has completed the extension and redevelopment of the Fiordaliso shopping center at Rozzano (Milan).
The completion of the project enables Fiordaliso, which is owned by a joint venture between Auchan and Finiper, to consolidate its position as the leading commercial center in the south of Milan: 66,000 m² with an Iper hypermarket, a gallery of 124 retail units (including H&M and Zara), 13 units food court including a McDonald's and Ristò and a parking for 6,000 cars.
The center has been redeveloped trying to maximize its sustainability with low energy consuming plants and low emission windows. The facade of the center has been covered with a 1,250-m² vertical garden - the largest in Italy - that with over 200 different plants combines beauty with energy preservation. The garden shields the center from the external environment, absorbs CO2 and reduces environment noises.
CDS acted as general contractor for this project, which is its second biggest redevelopment project in terms of size with an Iper hypermarket, after the 'Alle Valli' center at Seriate (Bergamo).
"Our experience with this kind of projects permitted us to minimize any business disruption allowing trading to continue throughout the construction period", said Enrico Biffi, CDS Holding's Chief Operating Officer.
"The trend in retail real estate is to redevelop and extend rather than develop new sites. This is driven by the changes in the areas surrounding existing centers and by shifts in market demand which is not asking for new places but for better places which are integrated in the urban context. We believe redevelopment projects will be key in the next years and the experience we have developed will allow us to better understand the new needs and better catch the related opportunities".
Source: Twister communications