The Grupo FADESA through its subsidiary in France Financière Rive Gauche - and the American fund Colony Capital have reached an agreement to carry out the joint development of a real estate project of great importance in the town of Massy, very close to Paris.
The project is located in a six-hectare plot which is currently occupied by the Alcatel Group. The constructed area will cover approximately 100,000 m, most of which will be used for homes and the remaining area will be used for offices.
The estimated global investment for this project amounts to €213.5 million.
The project will cover the development over the next five years.