Loop 5 shopping centre (Weiterstadt, south of Frankfurt)
Sonae Imobiliaria is also the operator of this project. As bank financing was obtained for nearly 80% of the project cost, Paris Orléans' total investment should be in the order of €9.0 million, of which €5.9 million have already been released.
The land on which the shopping centre is being built lies along the A5 motorway which leads from the Frankfurt airport (10 minutes away) to the town of Weiterstadt, some 30 kilometres to the south of Frankfurt.The catchment area is said to include over 700,000 people.The project calls for the construction of 56,000 m² of commercial floor space, and parking with close to 3,000 spaces.
|AS AT 31 MARCH 2010|
|Amount invested||€9.7 million|
|Estimated value||€9.7 million|