Fonciere Ariane buys 12,000 m[sup]2[/sup] office space

Fonciere Ariane, a subsidiary of GE Real Estate, has acquired a 12,400 m[sup]2[/sup] office project from SCCV Grand Cottignies, part of the group Palm Promotion et Immochan, for EUR 19.1 mln in a sales prior to completion agreement (VEHA). The project comprises six buildings of 2,065 m[sup]2[/sup] each, situated in Wasquehal, northern France. There is also a 397 parking spaces. The first building is due to be delivered in 2007.

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