Prudential Property Investment Managers (Prupim) has purchased phase 1 of Le Val Saint Quentin business park in Voisins-le-Bretonneux, France from Belgian developer Codic, on behalf of the M&G European Property Fund. The site of the business park covers 9.5 hectares and has a proposed total built area of 42,000 m[sup]2[/sup] over 15 buildings. Phase I comprises three existing fully let office buildings, totalling 8,300 m2, completed in 2005 and 2006. The global investment volume for Phase I will be around EUR 90 mln, Prupim said in a statement.

Prudential Property Investment Managers (Prupim) has purchased phase 1 of Le Val Saint Quentin business park in Voisins-le-Bretonneux, France from Belgian developer Codic, on behalf of the M&G European Property Fund. The site of the business park covers 9.5 hectares and has a proposed total built area of 42,000 m2 over 15 buildings. Phase I comprises three existing fully let office buildings, totalling 8,300 m2, completed in 2005 and 2006. The global investment volume for Phase I will be around EUR 90 mln, Prupim said in a statement.

St-Quentin-en-Yvelines is the third largest office market in the Paris region. Cushman & Wakefield Investors were the acquisition advisors and will asset manage the investment in partnership with PRUPIM. Codic was advised by CBRE.