French building group Bouygues Immobilier has sold the Eqwater office project in Paris to German investor DekaBank for some EUR 160 mln. The development, covering some 15,900 m[sup]2[/sup] of space, is located in the centre of the new Seine Ouest business district, which is being developed by Bouygues in Issy-les-Moulineaux on the outskirts of Paris. In a statement, Bouygues Immobilier said that the new district will accommodate its own headquarters as well as those of Bouygues Telecom and Microsoft Europe.
French building group Bouygues Immobilier has sold the Eqwater office project in Paris to German investor DekaBank for some EUR 160 mln. The development, covering some 15,900 m2 of space, is located in the centre of the new Seine Ouest business district, which is being developed by Bouygues in Issy-les-Moulineaux on the outskirts of Paris. In a statement, Bouygues Immobilier said that the new district will accommodate its own headquarters as well as those of Bouygues Telecom and Microsoft Europe.
Designed by American architectural firm Arquitectonica, Eqwater is an eight-storey building developed in glass and steel with high energy-efficiency standards. Delivery is scheduled for 2010.
The Eqwater sale is Bouygues' third disposal in the Seine Ouest district in less than a year. The French company sold two office projects there to a Spanish investor for some EUR 155 mln last July, three months after disposing of the 45,500 m2 Tour Mozart for EUR 484 mln.
