The development, which represents an investment cost of €100 mln, is 60% financed by Crédit Foncier de France.

ANF said it is taking a 65% stake in the new development partnership, while Caisse d’Epargne Rhône Alpes has a 30% interest and DCB the remaining 5%.

Transport group Alstom has agreed to take a 12-year firm lease on the 36,600 m2 asset, due for delivery in mid-2015. 

Designed by Sud Architectes, the complex will consist of five buildings on four floors and is targeting a HQE and Very Good BREEAM environmental certificate.

Bruno Keller, chairman of the board of directors of ANF Immobilier, said the operation illustrates the company's strategy to redeploy equity in buildings located in growing districts.

BNP Paribas Real Estate and Catella advised on the deal.

Source: http://www.propertyeu.info/