Investor opportunities beckon as Val d’Europe story continues
The Walt Disney Company was instrumental in instigating the Val d’Europe project on the eastern side of Paris 35 years ago. But the story is not over as only 50% of the land identified by the French government has been developed and it will take another 10 to 30 years until this has been developed to its full extent.
“The French government, back in the day, decided to develop the eastern side of Paris which was, compared to the western side and other parts of Paris and Île-de-France, the greater Paris region, underdeveloped,” explained Disneyland Paris SVP and CFO Boris Solbach.
The Disneyland Paris park was the starting point and Disney was granted land rights around that to develop Val d’Europe.
“35 years ago, there was nothing but fields and a park and a few buildings around,” Solbach told Real Asset Insight’s Richard Betts.
Click the video to watch the whole interview, listen to it as a podcast below, or read it in the March edition of Real Asset Insight, which can be downloaded as a pdf file.
