Multi is going to improve its focus on only developing multi-functional shopping centers and inner-city revitalization projects with retail at their heart.
To assist this strategy Multi has sold its office portfolio to Timeless Investments BV. The 16 office projects and staff will transfer to Timeless in a new company named COD (Cradle Of Development).
COD will, under the leadership of Ton van Oosten, position itself as an open source developer committed to the same, high quality Design & Development formula as Multi. In addition to these 16, and COD's 10 projects in development, additional projects will be sought whereby Yield & Risk Management, Concept & Design, Sustainability and Transparency will stand central.
COD is based in Amsterdam.