Irish investment fund Custom House Capital has entered the French market with the purchase of two office developments in Marseilles from Bouygues Immobilier for EUR 55 mln. The Plein Ouest building is located in the new district Saumaty Seon and provides an area of 11,072 m[sup]2[/sup] with 290 parking spaces. The central Patio office development comprises 8,920 m[sup]2[/sup] and 94 parking spaces.
Irish investment fund Custom House Capital has entered the French market with the purchase of two office developments in Marseilles from Bouygues Immobilier for EUR 55 mln. The Plein Ouest building is located in the new district Saumaty Seon and provides an area of 11,072 m2 with 290 parking spaces. The central Patio office development comprises 8,920 m2 and 94 parking spaces.
The buildings are scheduled for delivery by the end of 2008. Property advisor King Sturge and its Dublin affiliate Ganly Walters advised the buyer. Financing was provided by Credit Foncier de France and Fortis Lease.
