Two French financial groups have acquired a 19,800 m[sup]2[/sup] mixed use project in the major urban redevelopment in Marseilles, France for EUR 64 mln from developer Constructa. The finances were provided by Caisse d'Epargne Provence-Alpes-Corse, in association with Crédit Foncier de France. The 'Coeur Méditerranée', designed by architect Jean-Paul Viguier, will consist of a 192-room Ibis hotel, a 127-suite SuiteHôtel , more than 6,000 m[sup]2[/sup] of offices, 1,300 m[sup]2[/sup] of shops and 391 parking spaces. The project is due for completion in 2008.
Two French financial groups have acquired a 19,800 m2 mixed use project in the major urban redevelopment in Marseilles, France for EUR 64 mln from developer Constructa. The finances were provided by Caisse d'Epargne Provence-Alpes-Corse, in association with Crédit Foncier de France. The 'Coeur Méditerranée', designed by architect Jean-Paul Viguier, will consist of a 192-room Ibis hotel, a 127-suite SuiteHôtel , more than 6,000 m2 of offices, 1,300 m2 of shops and 391 parking spaces. The project is due for completion in 2008.
The 310-hectare Marseilles-Euroméditerranée, begun in 1995, is the largest urban and economic development project underway in Europe. It is divided into four sections: Train Bleu, Nedelec, Transcausse and Coeur Méditerranée.
