An excellent development opportunity for the service sector
The new location of the Exhibition Park near the Palais de la Musique et des Congrès (PMC -concert and convention centre) has left vacant a prime site for business development right next to the European Parliament, and adjoining the banking district. The new business district will also be close to the modernized convention and events centre and will enjoy excellent connections and networks.
The international business district will fit in perfectly with the Strasbourg property market and will benefit from the very positive image of the European district. It will help meet the future needs of the European institutions, thereby reinforcing the City's position as a European capital, and will also attract international companies, especially in the high end service sector.-
Functional diversity and quality-of-life
Studies carried out by the project ownership support team showed that the critical mass for giving the new district a clear identity in the international market was 150,000 m² of net floor area for offices, within a total development area of 210,000 m².
The district is a mixed-use area and will comprise:
- business centres
- a hotel and hotel residence
- shops and services
- 15 % to 20 % reserved for housing programs.
Construction in 2 phases
- The 1st phase of about 100,000 m² will extend from boulevard de Dresde (from place Adrien Zeller to the Parliament). It will start in 2013 and is due to be completed in 2018. This new european area will be dedicated to international encounters, extending on from the seat of the European Parliament (30.000 sq. m reserved for the European institutions, 41.000 sq. m of office space, 17.000 sq. m of housing, 11.000 sq. m of hotels, 3.000 sq. m of shops and services)
- The 2nd phase of around 110,000 m² net floor area is due to begin in 2017, following the relocation of the Exhibition Park (PEX) and will be classed as a concerted development area (ZAC). Commercial operations are projected for completion by 2025.
The new business district is expected to rapidly consolidate its position as a major business centre within the European district. Along with the Exhibition Park and the Concert and Convention Centre, it will put Strasbourg firmly on the international business map.