Morgan Stanley's open investment fund P2 Value has acquired an office development in Arcueil, a southern suburb of Paris, for EUR 81.13 mln. The property will provide some 13,774 m[sup]2[/sup] of offices and 580 parking spaces, French newspaper Business Immo reported. Let to France telecom on a 9-year leasing contract, the building is scheduled for delivery in the end of 2007.
Morgan Stanley's open investment fund P2 Value has acquired an office development in Arcueil, a southern suburb of Paris, for EUR 81.13 mln. The property will provide some 13,774 m2 of offices and 580 parking spaces, French newspaper Business Immo reported. Let to France telecom on a 9-year leasing contract, the building is scheduled for delivery in the end of 2007.
