French property developer Cogedim is joining forces with Vinci Immobilier to construct Les Portes Sud complex in Toulouse. The mixed-use property will consist of 28,500 m[sup]2[/sup] of commercial space across five buildings. In a statement, the two partners said that Crédit Suisse Asset Management is acquiring the office section of the complex, consisting of three assets with around 21,200 m[sup]2[/sup] of space and 530 parking spaces. The transaction amount was not disclosed. The remaining 7,300 m[sup]2[/sup] will be destined for business activities and retail accommodation. Delivery of the project, which was designed by architects Sud Architectes, is scheduled for the second half of 2010.
French property developer Cogedim is joining forces with Vinci Immobilier to construct Les Portes Sud complex in Toulouse. The mixed-use property will consist of 28,500 m2 of commercial space across five buildings. In a statement, the two partners said that Crédit Suisse Asset Management is acquiring the office section of the complex, consisting of three assets with around 21,200 m2 of space and 530 parking spaces. The transaction amount was not disclosed. The remaining 7,300 m2 will be destined for business activities and retail accommodation. Delivery of the project, which was designed by architects Sud Architectes, is scheduled for the second half of 2010.
In May, Vinci Immobilier and Socogim completed Le République complex, which was developed as part of a larger regeneration project for the city of Nancy, Nancy Grand Coeur. The scheme provides about 10,000 m2 of office and retail areas, and was sold before completion to Fortis-Lease, a subsidiary of Belgian-Dutch financial group Fortis, for an undisclosed amount.
