Société de la Tour Eiffel has agreed terms with Areva for the acquisition of the former Cogema headquarters located on a strategic site in the renowned Velizy business park to the south west of Central Paris.
The nuclear group which is consolidating in two locations in La Defense and Central Paris will vacate the premises by the end of 2007 remaining on as tenants in the interim.
The complex comprises a principal building of some 12 000 m² dating from 1980 to be completely redeveloped and a smaller, more recent annex, which will be refurbished.
Upon delivery in 2009, the development is expected to yield in excess of 7.35% for a total investment of €55 million.
Source: Société de la Tour Eiffel