CAAM RE, the real estate asset management arm of French banking group Credit Agricole, has acquired an office development in the French city of Lyon for EUR 45 mln from developers ING Real Estate Development France and Atemi. The Monolithe project is earmarked for CAAM RE's SCPI investment vehicle Edissimo, French magazine Business Immo reported. The office development will provide 13,130 m[sup]2[/sup] of office space when completed at end-2009.
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