Erestone, a property investment fund created last year by Spanish bank Santander and French construction group Bouygues Construction, has acquired from builder Sodéarif an office project in Saint-Quentin-en-Yvelines, France, for around EUR 50 mln. The property, which is located in the financial and commercial district of the city, comprises around 11,000 m[sup]2[/sup] of space which will be occupied by ETDE.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
