MADRID (AFX) - Fadesa Inmobiliaria SA said its French unit Financiere Rive Gauche and US fund Colony Capital plan to invest 213 mln eur in a French office and housing project.
In a statement, Fadesa said work on the 6 hectare site in Massy, near Paris, is expected to take five years to complete and will consist of mainly housing units with some offices.
Last year, Fadesa announced the acquisition of 70 pct of Rive Gauche for an undisclosed sum, adding that it plans to invest 200 mln eur in French real estate to to 2008. afxmadrid@afxnews.com jg/hjp COPYRIGHT Copyright AFX News Limited 2005. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
© 2006 AFX News
