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28 May 2012

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Credit, tenant delays will tighten Paris office supply, says Continentale Générale

The absence of new office development in Paris caused by the lack of bank credit and tenant hesitatncy is likely to bring a shortage of modern, sustainable space, say officials from one of France's long-established, private property groups, Générale Continentale Investissements.

Paul Raingold, founder, and daughter Sharon Raingold, managing director, have the 64,000 sq.m. Tour Ava ready to start in Paris-La Défense.

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