2001 Annual Report - Unibail-Rodamco

● The impact of letting and refurbishment activities
completed by year-end 2001. Two shopping centers
should see their revenues rise sharply in 2002: the Gaité
center in the Montparnasse district of Paris, which was
fully let following its restructuring, and Bonneveine in
Marseilles, which is due to open a new anchor store.
● Ongoing refurbishment and extension projects:
The Quatre Temps center in La Défense, for which
renovation work began in the second half of 2001 and
is expected to continue until 2004. These works will be
accompanied by various sales drives, together with an
extension project which will create an integrated space
encompassing the Colline de La Défense. This area will
accommodate a UGC Ciné Cité complex. Following the
surrender of the Bricorama and Marks & Spencer units,
over 11,000 m 2 in refurbished space will be handed
over to their new tenants in 2002.
Over 110,000 m 2 of projects
under development
Carre Sénart: this 65,000 m 2 new-generation shopping
and leisure complex is nearing the end of its
construction phase and will open to the public in
September 2002. Its marketing concept and the
quality of its architecture, design and customer
facilities have attracted major attention from French
and international retailers, reflected by a preletting
rate of over 85% as at year-end 2001. Rental levels are
above target and the lease contracts are signed for a
minimum firm period of six years.
Strasbourg Etoile: this 25,000 m 2 project, located in
Strasbourg city center, obtained approval from the
< Les Quatre Temps refurbishment project
< Gaité-Montparnasse, Paris 14 > Nice Etoile
Extension works on the Labège center in Toulouse,
intended to accommodate a 2,300 m 2 Fnac store, will
begin during the second quarter of 2002. An ambitious
extension project for this highly successful shopping
center is currently being considered.
The Toison d’Or shopping center in Dijon will see the
completion of the refurbishment of the 6,500 m 2
Bricostore unit, premises acquired in December 2000.
Following the major success of the Planète Saturn store
opening in April 2001, another leading retailer should
join the center in 2002.
CDEC 4 in June 2000 and is due to receive its building
permit in 2002. Its opening is scheduled for 2004.
Ilôt Bonnac in Bordeaux: this retail project covers an
area of around 6,000 m 2 .It will link the city center
stores with the Mériadeck shopping center owned by
Unibail. The project is scheduled for completion in
2005 and will enhance the appeal of Mériadeck
shopping center.
Marques Avenue in Cité Europe: this designer shopping
mall, in a factory outlet style, obtained its permit
from the CDEC 4 in January 2002. The development
will cover an area of over 12,000 m 2 facing Cité Europe
which will benefit from this new retail offer.
4 French Retail Property Development Authorities - Commission Départementale d'Equipement Commercial
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