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Lovells advises Prupim on Paris business park deal

23 June 2008

Lovells has advised Prupim on its acquisition, on behalf of the M&G European Property Fund, of the 8,300 sq m third phase of the Le Val Saint Quentin business park in Voisins-le-Bretonneux, Paris, from Belgian developer Codic. The deal follows Prupim's previous acquisitions of the first and second phases, which together amount to around 18,150 sq m. Le Val Saint Quentin comprises a total of 44,000 sq m of development space within a park of almost 10 hectares. 

The Lovells team, which advised Prupim alongside Cushman & Wakefield, was led by Corinne Knopp with assistance from Francoise Bigas and David Dana on the real estate and corporate aspects.