Codic International - Feasibility Study Royal Hamilius shopping project Luxembourg
Codic was one of the international candidates to develop the “Royal-Hamilius” project in a European consultation launched by Luxembourg Council. This project would be awarded in 2 phases of an international consultation of candidates process. When Codic was in the last phase with 2 other candidate consortiums, Cushman & Wakefield research was asked to support Codic with a retail feasibility study for the project.
The research team of Cushman & Wakefield Belgium/Luxembourg has developed a retail gravity model that is based upon an in depth knowledge of the catchment data of the retail markets in Belgium, Luxembourg and its surrounding regions. Through this gravity model we were able to calculate the impact on the catchment area of the city of Luxembourg as a result of different extra retail offerings at the future Royal Hamilius site. This simulation was an important part Codic’s final presentation of their project to the City of Luxembourg.
Codic, with Foster & Partners as architects, were awarded the “Royal Hamilius” project by a unanimous decision of the Luxembourg Council. Through this project, Codic will be helping to rebuild and transform the very heart of the city of Luxembourg. Codic will develop a multifunctional inner city project with 36,000 m² of shops, offices, housing, public car parks and wide spaces open to the public. Cushman & Wakefield was appointed as partner to lease the project.