French property firm Nexity-Entreprises has sold an office project to SAS Foncière Investissement, an investment subsidiary of bank Credit Mutuel Arkea for an undisclosed amount. The property, located in Aix-en-Provence, France, will consist of 3,190 m[sup]2[/sup] of lettable office space on two storeys as well as a parking lot with 83 spaces. Delivery for the building is scheduled for November 2009.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
