France's Constructa Asset Management said it has started the redevelopment of a 66,000 m[sup]2[/sup] site in Marseille's dockland area. The French asset manager, which bought the complex last December in a joint venture with JP Morgan Asset Management from Catalyst Capital, plans to transform the site into an up-to-date business centre. The company did not disclose the planned investment amount, but said it plans to build four buildings, of which two will be residential high-rise schemes and two office properties. The assets will provide a total 90,000 m[sup]2[/sup] of space and will also include 1,000 parking spaces.
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