Societe de la Tour Eiffel, a French real estate investment company has pre-let its 6,800 m[sup]2[/sup] office development CityZen at Boulevard National in Rueil Malmaison, near Paris, almost a year prior to the planned delivery in mid 2008. The future tenant is Soletanche Bachy, subsidiary of the Vinci Group, and the rent is for a 6 to 9 year closed lease term.
Societe de la Tour Eiffel, a French real estate investment company has pre-let its 6,800 m2 office development CityZen at Boulevard National in Rueil Malmaison, near Paris, almost a year prior to the planned delivery in mid 2008. The future tenant is Soletanche Bachy, subsidiary of the Vinci Group, and the rent is for a 6 to 9 year closed lease term.
Societe de la Tour Eiffel was advised by Awon Asset Management. 'We are naturally delighted to achieve such a significant pre let in the context of our portfolio representing as it does 25% of our current development pipeline,' said managing director Robert Waterland.
Societe de la Tour Eiffel, quoted on the Euronext Paris Exchange, has a portfolio in excess of EUR 1.2 bn of assets spread evenly between the Paris area and the regions.