Icade and Klépierre strengthen position in Odysseum with €35 million investment (FR)

Icade and Klépierre, the owners of Odysseum, have just purchased from the SERM (company providing facilities for the Montpellier Region) the ownership and management of a hub covering five hectares and 21,000 m² GLA, adjacent to their award-winning Odysseum shopping center, incorporating shopping, restaurants and leisure areas. The overall acquisition price ex-VAT is about €35 million.


Odysseum recorded more than 6 million visitors for its first year.

Odysseum shopping center is a success with more than 6 million visitors for its first year of activity. As its developers wished, it has become a destination in its own right, relaxing and full of life, both for all residents of the Languedoc-Roussillon region and for the tourists. On November 19 at MAPIC in Cannes it received the 'MAPIC Award 2010' for the best shopping center in Europe.

The synergy between the two hubs will allow new and innovative commercial proposals to be constituted and strengthen the advantages of an exceptional site that is connected by tramway to the heart of Montpellier and that has 7,000 parking spaces in the vicinity of the A9 motorway. This operation brings the size of the whole commercial complex to more than 100,000 m², positioning it as one of the major retail hubs in Europe.

Source: Keima

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