Icade builds new Credit Lyonnais HQ

French property company Icade said it is to build the new Credit Lyonnais headquarters in Villejuif, in the southern outskirt of Paris. The project, called Metropolitan, will encompass some 60,000 m[sup]2[/sup] of office space distributed across three buildings. Completion of the first asset is due for end-2008, with the other two planned for delivery in end-2010. Designed by architects Hubert Godet and Francois Leclercq, the property will comply with highly-efficient energy standards, Icade said. The construction costs of the project were not disclosed.

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