Unibail: development of a commercial complex at Levallois (FR)

The City of Levallois (92 Hauts-de-Seine), has selected Unibail to acquire and develop a commercial property complex located in the Eiffel district, adjacent to Paris.

The project will develop a total surface of 85,000 m² of offices and retail space. This project, subject to the usual administrative authorisation and conditions precedent, should be delivered before 2010. Total investment should amount to approximately €386 million.

Believing in the strong potential of the Eiffel district, Unibail had already acquired the Courcellor 1 office building in April 2005 which is entirely let to Gaz de France, for an amount of €43 million (transfer tax included).

Source: Unibail

Related News