La Française REM buys office project in Lille

French fund manager La Française REM has acquired an office project in the new Euralille district of Lille from developer Nexity. Financial details were not disclosed.

The purchase, which was made on behalf of the OPCI RFA Immo ISR vehicle, involves an eight-storey office development which will provide 8,250 m² of space and 214 parking spaces on completion in September 2013. Designed by architects Rudy Ricciotti, the building is aiming for HQE sustainability certification.

Construction started in November 2011. The vendor was advised by BNP Paribas RE.