CAAM RE invests EUR 45m in development project

By A staff reporter 2008-02-05T00:00:00+00:00

CAAM RE, the real estate asset management arm of French banking group Credit Agricole, has acquired an office development in the French city of Lyon for EUR 45 mln from developers ING Real Estate Development France and Atemi. The Monolithe project is earmarked for CAAM RE's SCPI investment vehicle Edissimo, French magazine Business Immo reported. The office development will provide 13,130 m[sup]2[/sup] of office space when completed at end-2009.

CAAM RE, the real estate asset management arm of French banking group Credit Agricole, has acquired an office development in the French city of Lyon for EUR 45 mln from developers ING Real Estate Development France and Atemi. The Monolithe project is earmarked for CAAM RE's SCPI investment vehicle Edissimo, French magazine Business Immo reported. The office development will provide 13,130 m² of office space when completed at end-2009.