FNAC enters the Luxembourg market and chooses Royal-Hamilius

Click to Enlarge

The success of Royal-Hamilius, the iconic Codic development in the centre of Luxembourg, has been confirmed by the arrival of a third major anchor tenant. Following on from the Galeria Inno department store and Delhaize supermarket, French media, leisure and cultural retailer FNAC has now become a part of the future of Luxembourg. FNAC will occupy the ‘big store’ of Royal-Hamilius, an area of some 2,000 m². Codic was advised by Cushman & Wakefield (Luxembourg) in this major transaction.

Speaking of his company’s latest success, Codic CEO Thierry Behiels, said: “The Royal-Hamilius project gives retailers looking to occupy large units in the centre of Luxembourg the possibility to do so. The arrival of FNAC is an excellent vector which will ensure the attractiveness of the city centre and act as a complement to the existing retail landscape”.

Boris van Haare Heijmeijer (Member of the International Retail Board) and Virginie Chambon (Head of Retail Agency, Luxembourg) at Cushman & Wakefield, spoke of the dynamism of the retail market in Luxembourg, and of the interest this is arousing from both retailers and developers. The arrival of FNAC together with Galeria Inno will definitely reinforce and considerably widen the catchment area of the city-centre, this should also help stop the draining of retailers to competing towns in the region, they added.
  
Royal-Hamilius is a project of the group CODIC International.

Contact

Nadia Djenadi

Associate

Luxembourg, Luxembourg

Phone +352 27-2133

Contact me