Societe de la Tour Eiffel (STE) is set to launch the first phase of its major redevelopment program on the existing Alstom facility in Massy to the southwest of Paris. The SIIC company will invest EUR 50 mln to build a new 18,000 m[sup]2[/sup] office building on the 18-hectare site. Developer Nexity has been hired to manage the asset.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
