Retail Parc Val Saint-Clair
Retail Parc Val Saint-Clair is Mitiska REIM’s first acquisition in France, acquired on behalf of FRI 2 in November 2017. Located in Hérouville-Saint-Clair near Caen, this retail park comprises 18 units with a gross leasable area of 13,500m2, and parking for 630 cars. The site is adjacent and linked to a Carrefour hypermarket, and tenants include a range of national and international brands including Electro Depot, Action, Sport 2000, KFC, Chaussea and Maxi Zoo.
Mitiska REIM plans to add value to the site by repositioning the property as a local convenience shopping hub by bringing in additional anchor tenants to serve shopper’s daily needs, combined with a new marketing plan to increase the visibility of the centre.
Since acquisition, Mitiska REIM has upgraded the commercial visibility of the site, and has extended the retail park with the inclusion of EKART (electric indoor karting), increasing the gross leasable area to 17,500m².
Value added/development – Value added