Whitehall, European Investor JV on Suburban Paris Office Project

PARIS-Continuing a joint venture that began in 1997, Whitehall funds of Chicago and London-based real estate investor Generale Continentale Investissements are partnering on a new office development, Crystal Park in Neuilly-sur-Seine, one of the wealthiest suburbs of Paris and one of Europe’s most sought-after locations for high-end office space.

Upon completion this September, the 474,000-sf Crystal Park will become one of Paris’ largest office developments. The project is situated in the middle of a 7.5-acre private wooded park between the Arc de Triomphe and the La Defense business district in Neuilly-sur-Seine.

The main building will be seven stories tall and have 64,600-sf floorplates. The building will be divisible into four separate 108,000-sf spaces. An independent 43,000-sf club building will contain a fitness club, auditorium, meeting rooms, a restaurant and dining rooms.