Multi Development acquires 65,000 m² development site in Palermo (IT)

On 10th October 2007 Multi Development-C Italia acquired a development site in Palermo, the capital city of Sicily, where Multi will develop a shopping center of 56,000 m². The Groundbreaking Ceremony will take place by the end of November 2007.

Forum Palermo
Shopping center Forum Palermo will be the biggest retail and leisure project developed in southern Italy. The total site area is 65,000 m². It is located within the limits of Palermo's ring road and close to the exit of the E90 motorway, thus providing excellent accessibility for all visitors. Forum Palermo is the first integrated shopping and leisure center in Palermo and perfectly fits into the surrounding urban fabric. Several interconnected building volumes provide a small-scale impression reminiscent to a Mediterranean village.

Forum Palermo is anchored by a Hypermarket and by a stand-alone DIY (Do it Yourself) shop. The development will also include the renovation of two existing buildings (Baglio S.Anna and Baglio Villa) for gastronomy purposes, as well as cultural and entertainment facilities. Medium-size units and shops will offer a wide range of international and national brands as well as so called mass-market tenants. Leisure and service facilities supplement the merchandising mix and enhance the mixed-use of the center.

Forum Palermo will modernise local trade and boosts the economic and social development of the area and its surroundings, attracting thousands of customers and visitors from the city and its wider region. The agreement with the Municipality Public Works Department also provides for a freeway connection, an interchange public parking, a local access road, a bus terminal and a bus depot. Abundant parking will be available. Forum Palermo's opening is foreseen in Autumn 2009.

The Masterplan is designed by T+T, Gouda-Netherlands and Progetto CMR of Milan, Italy is involved as architect. Forum Palermo is an enclosed shopping center. It has the concept of a village, with architecture features of both international and local flavour and building materials. All shops and other facilities are on ground floor level. A combination of natural stone, brick, metal frames and glass will provide each part of the buildings with a specific and individual style. The mix of various styles underlines the different atmospheres that Palermo is known for. The landmark architecture will dramatically improve the skyline. Stylish and bright in-door public spaces will create a pleasant atmosphere and a new shopping experience.

Source: Multi Corporation

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