Ivanho\u00e9 Cambridge has acquired Joya, a 538,200-square-foot office development in Val de Fontenay, Paris. Developers EUROPEQUIPEMENTS and Groupe QUARTUS sold the project, which is scheduled for completion in 2022.<\/p>\n
Designed by ECDM architects, the seven-floor property is set to feature adaptable, 64,600-square-foot open floorplans. Planned amenities include meeting rooms, catering services, a wellness area, an auditorium, accessible gardens and patio spaces.<\/p>\n
The project is within the eastern business hub of Paris, close to the upcoming Grand Paris station. The area, once popular primarily among banking and insurance companies, has undergone a major revitalization and diversification process over the past years. Known for its quality road service and public transportation system, the location provides connectivity to the city\u2019s main areas.<\/p>\n
Lasaygues, Allen & Overy, Lacourte Raquin Tatar and ARC Project Management assisted Ivanho\u00e9 Cambridge in the transaction. Prud\u2019homme & Baum and Colliers International advised EUROP\u00c9QUIPEMENTS and QUARTUS. In April, Ivanho\u00e9 entered into an $800 million joint venture<\/a> with LOGOS, Bouwinvest and a Gulf Cooperation Council-based investor, with plans to focus on developing industrial facilities in Greater Beijing, Shanghai, Guangzhou and other core Chinese markets.<\/p>\n