The City of Lille is the regional capital of Nord-Pas-de-Calais and has a population of over 1.1 million inhabitants. Lille is one hour away from Paris, one hour from Brussels and two hours from London. The highly favourable location provided a major reason to develop the city as a business sector in the mid-90s. The continuous increase in employment growth coupled with a young population profile will ensure good fundamentals for private consumption and therefore for retail sales.
Grosvenor has acquired a prime new retail park located in Villeneuve d’Ascq, 8 kms from Lille town centre. Being one of France's largest cities, Lille is a target market for Grosvenor for retail and office assets.