Etienne Bertier, CE of ICADE, a division of the CDC Group, has signed a development project with Colony Capital, an investment fund specialized in offices and hotels. The 130,000 m2 project at the AZF-site of Toulouse consists of 60,000 m2 of laboratories, 40,000 m2 of facilities and hotels and 30,000 m2 of public services.
Until the end of 2007, 35,000 m2 of the project will be built to accomodate the I.R.P.F. (the Oncology Research subdivision of the Pierre Fabre laboratories). This part of the project will accomodate a thousand researchers and public services (conference rooms, auditorium, library, documentation centre, etc.). Furthermore, 40,000 m2 of facilities, hotels and research laboratories will be realized by the partnership that will be established between Tertial (division of ICADE specialized in the promotion of service industry real estate) and Colony Capital.