AXA Real Estate has deliverd the 30,000 m2 Citizen building in the Bois-Colombes area of Paris.
AXA Real Estate has deliverd the 30,000 m2 Citizen building in the Bois-Colombes area of Paris.
AXA Real Estate acquired the development in 2010 and pre-let it in its entirety to global credit insurance provider Coface. The property will accommodate 1,400 employees who will be brought under one roof from two locations in Paris.
Construction started in October 2010, and the scheme was pre-sold in July 2012 to Union Investment Real Estate.
The scheme was the first development project by AXA Real Estate's Development Venture III. The fund raised €588 mln of equity providing it with up to €2.5 bn of development capacity.
For more on development activity in Paris, see City Leaders
