Societe de la Tour Eiffel (STE) is set to launch the first phase of its major redevelopment program on the existing Alstom facility in Massy to the southwest of Paris. The SIIC company will invest EUR 50 mln to build a new 18,000 m[sup]2[/sup] office building on the 18-hectare site. Developer Nexity has been hired to manage the asset.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
