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14
DESCRIPTION OF THE BUSINESS
Marseilles at the heart of the Euroméditerranée project
8. Marseilles at the heart
of the Euroméditerranée project
ANF’s real estate assets in Marseilles, which are for the most part located around rue de la République, consist of close to 172,000 square metres
of high-quality mixed-use Haussmann-style properties and of land reserves at the heart of the Euroméditerranée district.
Marseilles real estate assets
ANF’s real estate assets in Marseilles, which are for the most
part located around rue de la République, consist of close to
172,000 square metres of high-quality mixed-use Haussmannstyle
properties. This unique quality comes on top of the
Company’s ownership of land reserves right at the heart of the
Euroméditerranée district.
At the heart of the Euroméditerranée project, the whole of rue de la
République has been renovated façade by façade, with pavements
widened, 200 trees planted and new urban furniture installed.
Rue de la République is close to stations on the two metro
lines, and service has been improved since July 2007 with the
Surface area 30,000 square
metres.
ANF • 2009 ANNUAL REPORT
commissioning of the Blancarde – Euroméditerranée Gantes tram
line. An 800-space car park, opened in 2008, allows Marseilles
residents to shop without being concerned about parking.
This artery linking the Vieux-Port to the new La Joliette district is a
main thoroughfare between the historic centre of Marseilles and the
expanding business and tourism district.
In 2009, the properties located on boulevard Baille and avenue du
Prado as well as the Massabo land (social housing) were disposed
of for a total of €2.8 million.
Offi ces Retail premises Residential units Total Planned
developments
42,000 square
metres.
100,000 square
metres.
172,000 square
metres.
No. units 151 266 1,366
Occupancy rate* 77% 85% 80%**
2009 rents (€ thousands)
Other = 1,629
2,949 6,652 6,929 18,159
* Includes technical vacancy and ongoing work.
** Surface areas left vacant for development or compensation.
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Contents
93,500 square
metres.
OTHER GENERAL INFORMATION PRO FORMA FINANCIAL INFORMATION ANNUAL FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL STATEMENTS INFORMATION ABOUT ANF DESCRIPTION OF THE BUSINESS