Hammerson has now fully pre-let 110,000 sq ft of retail space as part of its ongoing repositioning at Les 3 Fontaines. The final unit has been signed for a Nike store which will join Primark as anchor tenants when the new stores opens in 2027.
Grégoire Peureux, Chief Operating Officer at Hammerson, commented: “Achieving 100% pre-letting for this latest repositioning epitomises our asset and leasing strategy. Our success is driven by creating attractive spaces that generate demand, broaden the appeal of our destinations, and grow rental income and value. With further openings and more leasing to come, our momentum continues.”
Located in Cergy, Val d’Oise, Les 3 Fontaines is the leading urban retail-anchored destination in northern Paris, with a 60-minute catchment of over 10 million people and well connected via RER and SNCF train lines. The destination comprises one million sq ft of prime retail space, including 350,000 sq ft added in 2022. Between then and 2024, annual footfall has risen 15%, reaching 13 million annual visits. Growth continues, with year-on-year visitor numbers up a further 3.4% so far in 2025.
The recent signings of Primark and Nike build on a period of robust leasing activity, reflecting sustained demand for high-quality retail space. It includes recently signed Aroma-Zone, the leading natural beauty brand in France, popular for its high-quality, affordable, and eco-friendly skincare and aromatherapy products. Inter-Actif, an official Apple Premium Partner, will also open next month.
Since the beginning of the year, 20 long-term leases have been completed at Les 3 Fontaines, with €36 million in contracted rents agreed to first break and the full benefit to be realised once all stores are operational. The destination already features 200 occupiers, including leading retailers Sephora, Fnac, Adidas, Mango, Footlocker, Lego and Zara as well as a Auchan hypermarket. It also includes District which brings together a wide range of world food outlets in one popular dining space. Negotiations are underway with additional prominent brands to further enhance and diversify the tenant mix.
Asset repositioning is a key component of Hammerson’s growth strategy, consistently resulting in increased rental yields and robust returns. Recent projects across the portfolio, such as Bullring, Dundrum, and The Oracle, exemplify this approach, while Cabot Circus remains on schedule for the notable opening of M&S this November.
