Icade and Klépierre inaugurate the Le Millénaire shopping center (FR)

Icade and Klépierre announced yesterday (April 26, 2011) the inauguration of the Le Millénaire shopping center, which will open its doors to the public today. Ideally situated just outside the Paris ring road, at Porte d'Aubervilliers, Le Millénaire features 140 retail stores and restaurants spread over 56,000 m² in a remarkable setting.

Le Millénaire

The project represents a total investment of around €400 million.

This project represents a total investment of around €400 million, co-financed in equal measure by the two partners, Icade and Klépierre.

The lease-up rate on opening date (96%) attests to high retailer confidence in this novel and ambitious project, the largest retail development project in France in 10 years.

"This large-scale project, carried by Icade and Klépierre for more than 10 years, is the tangible result of the original idea of turning this place into an obvious retail spot, a standard in urban blending and an example in the area of sustainable development. In creating the Ecoparc of Le Millénaire, Icade was particularly careful to the needs of the city of tomorrow," noted Serge Grzybowski, Chairman and CEO of Icade.

"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," commented Laurent Morel, Chairman of the Klépierre Executive Board.

A novel retail mix, exclusivities and new concepts
Located at the confluence of the Saint-Denis canal and the basin of the old Magasins Généraux de Paris, Le Millénaire offers Aubervilliers a unique shopping experience on the waterfront, in a natural setting that is bordered by 12,000 m² of green space.

Le Millénaire features the most dynamic retailers of the moment, especially in the areas of fashion and household goods: a tailor-made retail mix made up of local, national and global retailers. Several major players in European retail are making their first foray into France or into the Greater Paris Area.

Resolutely open to the outside, the center also offers a broad range of fast or traditional food (more than 15 brands) including a barge and six restaurants with terraces on the waterfront.

A remarkably located architectural and urban creation
Designed by Antoine Grumbach, the architecture of Le Millénaire, which is both a retail neighborhood and a place to gather, expresses diversity and plays with the dual perception, interior and exterior, with its 10,000 m² of glass roof. Along the waterfront, the shopping center has been landscaped as a promenade, featuring docks made of red brick, facades of terra cotta, and glass and steel profiles, blending into one atypical architectural whole that is visible from the ring road.

Both precursor and emblematic of the Grand Paris urban renewal and redefinition project, Le Millénaire – which also has 17,000 m² of office space – is in fact part of a vast project that spreads over 5 hectares.

Within this new and emerging neighborhood, Le Millénaire offers a contemporary vision of

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