Redevco Retail Belgium has completed its redevelopment project at Oudenaardsesteenweg in Ghent Zwijnaarde.
Redevco commenced the works on the site in autumn of 2011.
When Carrefour closed its hypermarket at the end of July 2010, Redevco immediately started to plan a complete redevelopment of the site, by dividing the former hypermarket into two large stores. Redevco succeeded to contract two large retail chains, the Delhaize Group and the Media-Saturn Group, which between them will lease a total of 7,377 m² at the completely renovated site.
Redevco commenced the works on the site in the autumn of 2011. The structure of the building, which dates from the early 1970s, was retained but completely dismantled and rebuilt to provide space for a 2,500 m². Red Market (the Delhaize Group's new supermarket concept), whose opening is scheduled for November 14, 2012, and a Media Markt covering 4,878 m², which is set to open on 28 November 2012.
The infrastructure has been completely renovated, with a new car park being laid out, the underground and roof parking area being redesigned, and a new promenade being created.
The design is by Abscis Architecten. The main contractor is Bouwbedrijf Juri.
This project reflects Redevco's ambitious redevelopment policy, which aims to refurbish and optimise the real estate in its portfolio, thereby creating modern retail complexes.
Redevco Retail Belgium is both developer and owner of this property.