CB Richard Ellis Strategic Partners Europe Fund III has acquired a ground-up office development project from BNP Paribas subsidiary Meunier Immobilier d'Entreprise. Located in Le Bourget, on the Northern outskirts of Paris, the building will be delivered in 2009 and will represent a total area of around 20,800 m2, including 19,500 m[sup]2[/sup] of office space.
CB Richard Ellis Strategic Partners Europe Fund III has acquired a ground-up office development project from BNP Paribas subsidiary Meunier Immobilier d'Entreprise. Located in Le Bourget, on the Northern outskirts of Paris, the building will be delivered in 2009 and will represent a total area of around 20,800 m2, including 19,500 m2 of office space.
The deal, for an undisclosed amount, is evidence that the fund, whose portfolio comprises buildings located in the large metropolitan areas of Belgium, France, Germany and the Netherlands, continues its pan-European acquisition programme. Earlier this month it announced the purchase of two logistics centres and 20 office buildings in the Netherlands.
