Signature of the Memorandum of Understanding for the transformation of the Basso Cambo neighborhood
The Métropole de Toulouse, the City of Toulouse, the owners of the Basso Cambo shopping center, Immobilière Groupe Casino, Tikehau Real Estate, Magellim, and the Bouygues Immobilier, Sporting Promotion and Greencity Immobilier operator consortium, signed on February 25th the protocol that is intended to enable the complete transformation of the Basso Cambo shopping center into a new mixed-use urban district. This transformation is accompanied by the simultaneous valorization of land located within the NPRNU de la Reynerie so that the momentum unleashed on the shopping center can fully benefit the neighborhood by immediately renewing the urban fabric immediately adjacent to it.
The project includes the complete demolition of the shopping center in order to transform it into a 72,000 m² SDP program comprising approximately 720 residential units, a supermarket, local businesses, and a leisure center. In support of this dynamic, up to 21,000 m² of SDP will be redeveloped within the NPRNU de la Reynerie, comprising 300 residential units spread across five islands.
The signing of this protocol concretizes an ambitious project driven by the community and the owners of the commercial site, to which EPPC has actively contributed by intervening since 2020, as a private owner's council, to:
- Stabilizing a real estate program that can lead to an agreement between the parties and its economic model,
- Propose and define the terms of the simultaneous development of a project within the scope of the NPRNU,
- Structuring the call for operators projects in collaboration with the services of the Metropolitan Area of Toulouse
For EPPC, this is the second largest programmed transformation project of a complete shopping center into a mixed urban site after that aimed at transforming Bobigny 2 into a new City Heart, followed by our company between 2013 and 2020, and to be delivered in 2025 by Altarea Cogedim.
We currently operate throughout France and abroad on comparable projects for diverse operators, both public and private.