Redevco has acquired the Pont-de-Pierre retail park in Garges-lès-Gonesse, on behalf of the Redevco European Retail Parks (RERP) fund. This transaction marks the Fund’s first investment in France, further expanding its presence across key European markets. The acquisition builds on recent transactions in Belgium, Germany, Spain and the United Kingdom, bringing its portfolio to a total 12 assets.
Located 12 km north of Paris within the established La Muette business park, the Pont-de-Pierre commercial park comprises more than 32,000 sqm of gross lettable area (GLA), including 16 retail units and 1,000 parking spaces, on a total site of 103,000 sqm. Since opening in 2002, it has become one of the 10 largest retail parks in the Ile-de-France region, benefiting from solid fundamentals, including a strategic location and a mix of national and international brands. The asset offers a strong, convenience-led retail mix combining home and personal equipment, food and catering, featuring leaders in their market such as anchor tenants Brico Dépôt, Lidl, Action, C&A, Chaussea and Fitness Park, amongst others.
The park serves a catchment of approximately 400,000 inhabitants in one of the most densely populated areas of the region, and benefits from strong accessibility, located just 6 minutes from the A1 motorway and served by the D84 and D170 roads.
Séverine Maumy, Head of Asset and Transaction Management, said: “This first investment in France marks a significant acceleration of our retail parks strategy in the country, as we continue to strengthen our presence in key European markets. The acquisition of the Pont-de-Pierre retail park reflects Redevco’s focus on convenience-led retail parks in dense urban catchments, prioritising income durability and long-term operational resilience. This strategy is based on rigorously selected assets, capable of adapting to changes in consumption patterns and being part of a long-term growth perspective.”
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