Foundation stone laid for O’RIZON project in the Essonne department
VINCI Immobilier and the joint venture of developers composed of Altarea Cogedim, DReAM (leader) and Eiffage Immobilier, in association with the Paris-Saclay public development authority (EPAPS), the town of Gif-sur-Yvette and the urban community of Paris-Saclay, have laid the foundation stone for the O’RIZON project, the first residential and services neighbourhood in the heart of the Paris-Saclay urban cluster in Gif-sur-Yvette (Paris region).
This mixed-use programme, occupying a surface area of over 73,000 sq. metres divided into six blocks, will comprise a total of 1,163 homes, including a student residence, 4,200 sq. metres of retail space, a crèche, a town hall annexe and a health centre. It forms part of the Greater Paris project and will provide a new space where the scientific community can meet.
Sicra Île-de-France (VINCI Construction France) is supplying the construction works of the works packages A2 on behalf of VINCI Immobilier (€25.8m pre-tax), A3 for DReAM (€12.5m pre-tax) and A4 for Cogedim (€19.3m pre-tax). 98% of the homes in the first phase have been sold; the second marketing phase was launched in June 2018.