Harbert European Real Estate (HERE), the European real estate investment platform of U.S.-based alternative asset manager Harbert Management Corporation (HMC) and Aire Capital Partners, an independent French real estate asset and investment manager, has announced the forward funding of a business park development in Limeil-Brévannes, a commune in the southeast of Paris. Financial details are not being disclosed.
The acquisition from Avenir Développement is structured as a Property Development Agreement (Contrat de Promotion Immobilière – CPI) with Gefec. Construction has started, with completion expected in third quarter 2027, and the project is already generating early interest from prospective occupiers.
Once completed, the 8,700-square-meter (93,646-square-foot) development will comprise eight multi-let buildings designed for light industrial and accompanying office use, divisible into 15 units from 428 square meters (4,607 square feet) in size. Locate
