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Tuesday, May 26, 2009

A prestige real estate development at Montevrain in Marne-la-Vallée

When international real estate fund management company CB Richard Ellis Investors chose Montevrain as a location, the result was Citalium and Citalys: two office developments meeting the very highest standards and covering a total area of more than 25,000 m² (269,000 sq.ft).

The services offered by Citalium and Citalys are worthy of a luxury hotel, including concierge, fitness centre, corporate restaurant, terraces, garden and more …and yet these are office blocks, not hotels. “Our driving ambition is to provide offices which are designed as living spaces, offering a wide range of personal services,” explains Laetitia George, asset manager for CB Richard Ellis Investors.

 The two developments fulfil this ambition to the letter, while also offering outstanding accessibility: “The location is a strategic one,” confirms Laetitia George, “connected to all the key transport modes”. Citalium and Citalys are both immediately adjacent to the RER A high-speed metro line, which means they are just 30 minutes from Paris, and also close to the Val d‘Europe retail complex, Disneyland Resort Paris, the A4 motorway and the TGV (high-speed rail) link serving Roissy-Charles de Gaulle airport.


Of course a great deal of care went into choosing the architects for the project, who were Scau-Macary-Delamain. Their track record includes the Copernic II development in Noisy-le-Grand and, most famously, the Stade de France in Saint-Denis. For this Montevrain project the architects designed versatile, modular spaces housed within a luminous, contemporary design with facades combining glazing and terracotta cladding.

Last but not least of the buildings’ advantages is that the scheme’s environmental impact was taken into account right from the start: the HQE (high environmental quality) certification process is currently under way.

 Work on the site – acquired from EPAMARNE, the Marne-la-Vallée public development authority – started in February and is now in full swing. The project is being overseen by real estate developers Les Nouveaux Constructeurs and is scheduled for completion by the end of 2010. At a time when the global crisis has turned up the pressure on the real estate sector the sheer scale of this project may seem surprising: Citalys and Citalium offer areas of 10,000 m² (107,600 sq. ft)  and 15,000 m² (161,400 sq.ft) respectively. But CB Richard Ellis Investors have absolutely no doubt that they will be a success – and the facts would seem to be proving them right: Citalys has already been leased in its entirety, on a 12-year lease without break option. 

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Article provided by Seine et Marne Développement (the Seine et Marne Development Agency). 

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