Dutch listed property company Corio is to redevelop office building 'Le Newton' in Clamart, 10km southwest of Paris. The 12,000 m[sup]2[/sup] property was built in the mid 1960s and has been part of Corio's portfolio since 1999. Corio received planning permission to build a new 42,000 m[sup]2[/sup] modern office building on the 25,000 m[sup]2[/sup] site of the existing property after the tenant moved out. The project will be added for an investment of approximately EUR 120 mln to Corio's fixed pipeline. The redevelopment is expected to be completed in the first half of 2009.
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