Griffin Partners Secures Leroy Merlin as BTS Buyer
At Fonte Appia Retail Park
(ROME, ITALY) – We are pleased to announce that PIX Development has secured Leroy Merlin as the anchor tenant in the Fonte Appia Retail Park next to the Ciampino Airport and near the Rome ring road. Griffin Partners will co-develop the project with PIX Development.
Leroy Merlin is a French-based home improvement and gardening retailer serving several countries in Europe, Asia, South America, and Africa. Leroy Merlin is part of ADEO Group, which is 1st in Europe and 3rd in the world for sales volumes in DIY sector.
Leroy Merlin will buy 11,100 square meter of build-to-suit retail space. The retail park will offer an additional 12,600 square meters for lease to medium and small-format retailers. Plans are currently progressing through the design process.
Fonte Appia will capture traffic from adjacent districts of Rome, complement existing infrastructure around Ciampino airport and will have a positive impact on the further development of this area.
Miles Jones, Managing Director at Griffin Partners, said, “With Leroy Merlin, we have gained one of the most renowned big-box retailers in Europe for our new project in Rome. Signing the pre-sale agreement with Leroy Merlin underlines the fact that our Fonte Appia retail park is an excellent investment in one of the best locations in the Rome suburbs. This will generate significant traffic of approximately 3 million customers per year.”