Standard Life Investments (SLI) has agreed to a forward purchase of a €47m ($52m) office development in Nanterre in the west of Paris, according to Property Magazine International.
The development, by PRD, will provide 11,200 sq m of grade A office space. Completion is scheduled for 2017.
SLI completed another forward purchase of real estate in Paris in December last year – an office development in Levallois.