Pieter Vreedeplein Ontwikkeling C.V. is selling shops in Tilburg valued at a total of â‚¬ 72.5 million to Corio. This purchase involves 22,500m2 of retail floor space on Pieter Vreedeplein, 1,250 m2 of retail area on City Centerstreet and a seven-screen, 1,700-seat cinema complex.
The Pieter Vreedeplein Projectâ€™s mix of large-scale and small shops is a counterpart to Tilburgâ€™s main retail facilities. The project also includes around 111 individual owner-occupied houses, and at a later stage the construction of Tilburgâ€™s largest car park (800 parking spaces) and a bicycle storage facility for 700 bicycles, managed by the Municipality of Tilburg, will start.
The urban area development assignment, under the responsibility of Jo Coenen & Co Architects, encompasses the development of Pieter Vreedeplein, the redevelopment of the City Center Passage and the construction of private houses on IJzerstraat. Bonell i Gil, an architectural firm from Barcelona, is in charge of the construction around Pieter Vreedeplein. Architects from Bedaux en de Brouwer, a firm in Tilburg, are responsible for designing the houses on IJzerstraat, while architects from Lucas Ellerman Van Vugt are re-designing the existing City Center Passage.
Construction will start in 2003, and completion of the first phase is expected in 2006.