CB Richard Ellis Investors launches two office developments in Montévrain, France (FR)

CB Richard Ellis Investors has launched, on behalf of CB Richard Ellis Strategic Partners Europe Fund III, two office developments in Montévrain, France, with a total surface area of 24,500 m²: CITALYS, a 9,000-m² building let with a 12-year lease without break option, and CITALIUM, a 15,500-m² speculative project.

Montévrain - Citalium

The CITALIUM office development, a 15,500-m² speculative project in Montévrain, France.

The sites are adjacent to the RER A (Val D'Europe – Serris – Montévrain) and located next to the Val d'Europe shopping mall, Disneyland Resort Paris, the A4 motorway and the Thalys – Eurostar – TGV connection (with service to Roissy-Charles de Gaulle airport).

The two buildings, signed by SCAU – Macary – Delamain, will be developed by Les Nouveaux Constructeurs group through real estate development contracts. The buildings will achieve international standards (grade-A buildings).

CITALIUM will incorporate the most recent criteria in terms of environmental awareness (HQE certification). Scheduled for completion end 2010, it will also offer several ammenities consistent with the 'five-star service' program, such as concierge, fitness centre, and cafeteria.

The two sites were acquired from l'Etablissement Public d'Aménagement de la ville nouvelle de Marne-la-Vallée (EPAMARNE).

The transactions were completed by the CBRE Agency – Agence Bureau Est.

The financing was provided by SNS PROPERTY FINANCE B.V.

Source: Citigate Dewe Rogerson

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