Marseille Purchases Galeries Lafayette’s Centre Bourse Premises
In a significant move for urban development, the city of Marseille has acquired the Galeries Lafayette’s Centre Bourse premises. This decision was announced by Mayor Benoît Payan, marking the end of the two stores’ operations.
Details of the Purchase
The premises span 22,000 square meters, which includes 17,000 square meters excluding terraces and basements. The acquisition aims to preserve control over the Centre Bourse’s future and ensure a high-quality retail offering.
Context of the Acquisition
- The acquisition follows the closure of Galeries Lafayette, a significant retail presence in the city.
- Marseille’s leadership had previously considered other options for the space, including a national museum.
- Bringing in a well-known brand that meets residents’ expectations was also under consideration.
Financial Aspects
While the exact purchase price has not been disclosed, estimates from Galeries Lafayette’s management suggest a range of €30 million to €50 million. Sources close to the negotiations have expressed confidence in the city’s solid investment capacity.
Future Prospects
Mayor Payan’s administration envisions a development project that combines cultural and scientific elements. This initiative aims to revitalize the city center and cater to the community’s needs.
As developments unfold, the city of Marseille is poised to redefine the future of the Centre Bourse, potentially transforming it into a hub of quality retail and cultural engagement.
