CB Richard Ellis Strategic Partners Europe Fund III has acquired a ground-up office development project in Marne la Vallee, to the east of Paris, for an undisclosed sum. The project, located in Noisy-le-Grand, was acquired from Les Nouveaux Constructeurs, and will be delivered by the end of 2009. The building represents a total area of 31,900 m2, including 29,400 m[sup]2[/sup] of office space.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
