French property developer Icade said on Monday that it has started the development of a 10,000 m[sup]2[/sup] office complex in the Colomiers suburb of Toulouse. Designed by architect Jean Francois Martinie, the scheme will comprise two separate buildings on four levels as well as 218 parking spaces. Delivery of the first asset is planned for August 2009, with the second one scheduled for October 2009.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
