Apsys announces the signature of the financing, the acquisition of building rights, the signature of the works contract and the start of work of MUSE project in Metz.
Located in front of the Centre Pompidou-Metz and the TGV station, 10 minutes away by walk from the historic city-center, this mixed operation of 80,000 m², one of the largest in France in a single phase, combines, in an optimal mix, retail space (37 000m2 Gla), housing and offices.
The work began on October 1st for a projected opening in fall 2017.
Corner stone of the new Amphitheatre district, MUSE is part of the proactive urban development strategy initiated by Metz Métropole. Supported by Apsys (commercial and residential), Adim, Batigère Claude Rizzon (residential) and Lazard Group (offices), MUSE has a total investment of € 324 million including € 160 million for the only retail space.
« In the tradition of Beaugrenelle a unique department store concept for the 21st century and echoing the Centre Pompidou-Metz, Apsys strives to make MUSE a creative and inspiring place, with a unique product mix, combining digital works, attractive and original brands, inventive food offer, innovative services, vibrant architecture and arty design! »declared Maurice Bansay, founding President of Apsys, developer of the commercial component of the project.
The architecture of the project, designed by Jean-Paul Viguier, promote urban excitement and appropriation of this new neighbourhood by its residents and users with an inside-out design, a series of lively squares. Echoing its prestigious neighbour, MUSE will offer a fine selection of digital works, thus completing the arty offer of Centre Pompidou-Metz.
MUSE will offer a unique mix of 113 stores (three quarters of them brand-new in Metz! ) in food, design, fashion, and convenience sectors, among which Primark (5800 sqm) and a Carrefour Market (5700 sqm) which will open its first location in Metz, a selection of cutting-edge brands and an attractive restaurants pole. This structuring tool, designed in tandem with the city center’s offer, will enhance the attractiveness of Metz over the eastern urban area.
Funding for the operation is provided by pbb Deutsche Pfandbriefbank and SCOR for retail space and Palatine Bank for housing. Apsys was advised on this transaction by Etude Allez & Associes, De Pardieu Brocas Maffei and BNP Paribas Corporate Finance.