Erestone, a property investment fund created last year by Spanish bank Santander and French construction group Bouygues Construction, has acquired from builder Sodéarif an office project in Saint-Quentin-en-Yvelines, France, for around EUR 50 mln. The property, which is located in the financial and commercial district of the city, comprises around 11,000 m[sup]2[/sup] of space which will be occupied by ETDE.
Erestone, a property investment fund created last year by Spanish bank Santander and French construction group Bouygues Construction, has acquired from builder Sodéarif an office project in Saint-Quentin-en-Yvelines, France, for around EUR 50 mln. The property, which is located in the financial and commercial district of the city, comprises around 11,000 m2 of space which will be occupied by ETDE.
According to French media, the project was designed by architect Hubert Godet and is being financed by RBS. The project is scheduled for completion by the end of 2010.
