French retail property group Mercialys is joining forces with the Union des Coopérateurs d’Alsace (Coop d'Alsace) to carry out a full renovation of the retail gallery within the Leclerc shopping centre on the Geispolsheim site in Strasbourg. Mercialys said that Coop d'Alsace has transferred ownership of the shopping centre to a 50/50 joint venture of Mercialys and Coop d'Alsace which will start redeveloping the existing retail spaces in March 2010.
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