START OF CONSTRUCTION OF MULTI DEVELOPMENT’S SHOPPING CENTRE LES ARCADES ROUGÉ IN CHOLET
 

Les Arcades Rougé will breath new life into Cholet’s town centre
Today ground will be broken by Mr. Bourdouleix, Deputy Mayor of Cholet, and Thierry Pin, Managing Director of Multi Development France for the 20,000 m² shopping scheme Les Arcades Rougé in Cholet, in the heart of the Pays de la Loire region in the Northwest of France, 40 kms from Nantes and Angers. Les Arcades Rougé is developed by Multi Development France. Architects are T+T Design (concept) and A+ Architecture. It will open to the public in 2009.

The architectural concept integrates shopping and living and will regenerate the part of the city centre between Rue de la Sardinerie, Rue Bretonnaise, Rue Jean Jaurès and Rue des Brosses. On a site that was formerly partly a parking lot a new district will be created, incorporating a mix of urban functions that guarantee a lively atmosphere throughout the day as well as the evening. Through difference in height and variation in design of the buildings and façades the project will blend in with the surrounding buildings. Although the majority is new built, some ancient buildings are included in the design as well. Shops are situated both along the existing streets on all sides of the project as well as on the upper ground floor along a new and spacious curved shopping mall that leads through the middle of the project. An attractive square with trees forms the heart of this shopping area. In total there is 20,000 m² of retail, including a supermarket, two medium-sized specialized retail units, 40 shops and restaurants, a cinema (9 screens), 80 apartments for sale and a public parking of 500 spaces. In addition to this program a 3 star hotel will be developed.

Les Arcades Rougé is an ambitious project. It has been carefully designed not to overshadow and disrupt Cholet’s existing retailers. It will in fact strengthen all commercial activity in Cholet. National and international brand names not yet represented in Cholet, will find new opportunities to establish shops in Les Arcades Rougé, a new and vital commercial area in the town centre.

Multi Development France
Multi Development France is a subsidiary of Multi Corporation that comprises a group of companies carrying out various disciplines throughout Europe in property development (Multi Development), investment (Multi Investment), asset management (Multi Asset Management) and mall management (Multi Mall Management). With a Morgan Stanley Real Estate Fund as its new financial partner, Multi has strengthened its position to become an investing developer and move forward on its path to further growth. Multi’s strategy is and remains focused on developing projects in European countries where significant growth is expected.

Across Europe, Multi’s inner-city projects, shopping centres and business parks appeal to people’s imagination. The ‘Design & Development’ formula strongly focuses on design quality and Multi has its own design group - T+T Design - for urban development and architectural concepts. Multi’s projects are internationally recognized for their original and innovative nature, quality of architectural character and profound sensitivity to the blending of urban design. Our developments regularly act as the engine for regenerating a city or region. By respecting local culture and style we develop projects with which people can easily identify.

In France, the project Coeur de Ville in Grigny is in development stage and beginning of September, the 45,000 m² La Vache Noire in Arcueil will be opened.

Multi Development’s activities in 20 countries in Europe are conducted from offices in The Netherlands (head-office), Belgium, United Kingdom, France, Germany, Czech Republic, Poland, Spain, Portugal, Italy, Greece, Turkey, Ukraine, Romania.

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