The ING Real Estate French Residential Fund has acquired a residential complex and individual residential properties in prime locations in France, close to the Swiss border and in Bordeaux. The properties are as follows:
Le Bruant in Ornex, a residential complex consisting of 12 apartments, 33 individual homes and 78 parking spaces, with a total GLA of 5,802m². Situated near the Swiss border, 10km from Geneva and 5km from Geneva airport, the complex's excellent location is attracting a high number of international functionaries. The complex is fully let. The units were delivered in 2003 and represent a total investment of EUR 15.6 million.
Le Parc de la Comtesse and Le Clos du Comte in Villenave d'Ornon, comprising 70 apartments with 85 parking spaces, covering a surface area of 3,485m². The two residential properties are situated in a residential district close to Bordeaux at Villenave d'Ornon. The total investment represents EUR 10.34 million.
