France -After inviting proposals from twenty-two real-estate
professionals regarding the sale and subsequent development of 4.5
hectares of land at Meudon-sur-Seine, Renault finally opted for a
project submitted by Cisco (for the offices) and Cogedim (for the
housing). Buildings are scheduled for delivery in 2003.
invited proposals from twenty-two real-estate companies in March 2000 to
ensure the future of 4.5 hectares of Renault-owned land at
Meudon-sur-Seine, in the Val-de-Seine area, and guarantee the quality of
property developments on this site. A number of development objectives
for the property had been established jointly with the Meudon town
council, consistent with the land-use plan. Proposals were required to
include a project capable of adapting to the site, a purchase offer and
a firm commitment from future office users.
of the six development applications eventually submitted, Renault opted
for a project from Cisco and Cogedim. Cisco, the world number one in
computer networks, will act as both investor and user. The company is
already located at Issy-les-Moulineaux and has undertaken to buy all the
office space and business premises (50,000 square metres in all) at the
new Meudon site, where it is to locate the new head office of Cisco
Systems Europe, thus creating 2,000 additional jobs.
one of France’s biggest real-estate development companies, is
to take charge of 15,000 square metres given over to housing, of which
one third will be reserved for public housing.
now and September, Cisco and Cogedim are to proceed with work on
architectural and town planning aspects of the project to address the
concerns put forward by Renault, the Meudon town council and local
associations. The final plans will be drawn up cooperatively with the