Paragon has completed the acquisition of the Lignon Shopping Centre in Vernier, in the heart of the Cité du Lignon which is a gathering place for over 7,000 residents. All the partners are personally co-investing in the transaction and see an opportunity for repositioning while making concrete improvements for the local community.
Our project will feature an ambitious renovation program going beyond bricks and mortar: we want to create a place where residents will genuinely enjoy coming, more than just passing through out of convenience. Local authorities are enthusiastic with the proactive approach being taken to move this project forward.
“Le Lignon has a strong identity and real potential” says Mike Wolfson, CEO of Paragon. “Our ambition is to make it a place residents can be proud of.”
