Redevco France is buying a 25,000 m[sup]2[/sup] complex in the historic heart of Bordeaux from the Sud Ouest newspaper group. The site, which occupies one hectare of land bordering the Rue Sainte Catherine, houses the newspaper's editorial and administrative offices. The total investment in the project exceeds EUR 100 mln and the completed development will added to Redevco's EUR 1 bn property portfolio in France.
Redevco France is buying a 25,000 m2 complex in the historic heart of Bordeaux from the Sud Ouest newspaper group. The site, which occupies one hectare of land bordering the Rue Sainte Catherine, houses the newspaper's editorial and administrative offices. The total investment in the project exceeds EUR 100 mln and the completed development will added to Redevco's EUR 1 bn property portfolio in France.
Separately, Redevco said its Swiss unit had acquired a high-street property in the town of Yverdon from a private owner for EUR 5 mln. The property provides 3,400 m2 of retail and office space over four floors and is fully let.