Resolution forms French joint venture for 18,000 m² Honfleur outlet (FR)

Resolution Property has formed a joint-venture with SHEMA, the French public/private partnership, to develop the 18,000 m² Honfleur Outlet center in Normandy.
Resolution Property and SHEMA will work with operators Advantail to deliver more than 100 fashion and designer stores in two phases of 12,000 m² and 6,000 m² respectively. Completion of Phase 1 of the development, by acclaimed French architect Edouard François, is scheduled for spring 2017.
Honfleur Outlet will be the first outlet center in the Grand-Ouest region of France, strategically located within the country’s sixth most popular tourist destination, 20 minutes from Le Havre and less than an hour’s drive from Caen and Rouen. With a catchment population of 2.5 million and no competing center within a 90 minute radius, Honfleur Outlet will be open seven days a week, 365 days a year.
Construction of phase 1 is expected to start in January 2016, with Phase 2 starting two years later.
Source: Resolution Property