Sunday, March 11, 2007

Bouygues Telecom Enters EUR 260 Million Build-to-Suit for Paris HQ

Property Magazine International - March 9, 2007

Having signed the deed for the Technôpole Bouygues Telecom project development just days ago, Commerz Grundbesitz (CGG) will invest more than 260 million euros in the property.

The building, which has a lettable area of 53,000 m² and 2,000 parking spaces, was sold by Bouygues Immobilier. The future tenant, Bouygues Telecom, is also part of the Bouygues Group and the third largest telco company in France.

The company signed a fixed lease over 9 years and will set up its corporate seat here as the building’s single tenant. On the seller side, the transaction was masterminded by Jones Lang LaSalle Paris.

Following its completion in late 2009, the office building will be added to the hausInvest europa portfolio. Sphere: Related Content

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