La Française Real Estate Managers has acquired an office building part of the Elipsys development project in Toulouse, France, on behalf of three SCPI real estate investment vehicles.

La Française Real Estate Managers has acquired an office building part of the Elipsys development project in Toulouse, France, on behalf of three SCPI real estate investment vehicles.

The complex consists of two buildings with a total floor area of 10,089 m2 and 191 underground parking spaces. Financial details were not disclosed.

The project, currently being developed by CFA Midi-Pyrénées of the Financière Duval group, is due for delivery at the end of 2016.

La Française REM was advised by Etude Cartier, Ecape and Alaska's Finance.

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