AG Real Estate France and Spirit Entreprises announce the development of a business park in the Carré92 area in Gennevilliers (North-West Paris)
21 September 2021

AG Real Estate France and Spirit Entreprises announce the development of a business park in the Carré92 area in Gennevilliers (North-West Paris)

Ideally located in Gennevilliers, served by the A86 and close to all modes of transport, Carré92 is a latest generation Business Park that marked AG Real Estate group’s first steps in France in 2007.

This iconic site in the Hauts-de-Seine department is devoted to the knowledge-based economy. Through 155,000 m2 of commercial buildings including the headquarters of the Up group in 2011 and the Thalès Communication group in 2012, it also houses numerous services with 8,000 m2 of hotels delivered in 2017 but also restaurants, nurseries, and a concierge service. Last but not least, an outdoor car park with 200 parking spaces completes the development.

In the last stage bringing this major project to a close, AG Real Estate France and SPIRIT Entreprises are developing a business park with a total surface area of 30,000 m2 spread over 7 buildings. Each one is around 4,000 to 5,000m2, developed with a ground floor and two upper floors, aimed at hosting commercial premises on the ground floor and offices on the upper floors.

Works on building C, now 60% pre-marketed for sale, started in July.  Works on the other buildings will begin as they are marketed. Delivery of the whole project is planned for the second half of 2023.

‘We’re delighted to launch this business park which will form the conclusion of the Carré92 development initiated in 2007 by AG Real Estate France in partnership with SEMAG 92, the semi-public company in charge of developing the city of Gennevilliers. This flagship project also shows AG’s ability to establish partnerships and diversify into other types of assets in order to meet demand.’ concludes Arnaud Guennoc, CEO and Head of Development at AG Real Estate France.

‘This operation illustrates our know-how and expertise in developing large-scale operations that bring together several types of products. The real estate portfolio on offer has an architectural style that is both modern and innovative. We have also paid particular attention to landscaped areas as 30% of free spaces will be planted. We’re very proud to have participated in the completion of the Carré92 business district.’ concludesCarmen Robert, deputy CEO of SPIRIT Entreprises.

About SPIRIT Entreprises: leader in business parks in the Paris region

SPIRIT Entreprises is the subsidiary of the SPIRIT group specialising in commercial property, and more specifically in business parks. To meet the needs of each company’s strategy, SPIRIT Entreprises is involved in all segments of this sector: construction of office buildings, business parks and turnkey industrial buildings.

SPIRIT Entreprises has 25 operations currently being marketed in the Paris region, more than 65 business parks and 110 turnkey projects completed.

Press contact : Amandine PADOVANI +33 7 76 58 10 19 –– Responsable Communication IE SPIRIT Entreprises

About AG Real Estate France 

AG Real Estate France is the French subsidiary of AG Real Estate, an acknowledged leader in the Belgian property market. As a player on the French market, AG Real Estate France focuses on its core business of property development and investment in corporate real estate.

In late 2020, AG Real Estate France has developed nearly 300,000 m² of service-sector space, 300,000 m² of logistics and has a managed portfolio of offices, retail and logistics spaces, business hotels and car parks worth some €1.2 billion. The development projects under its control offer a potential of around 400,000 m².

Véronique Mathonet
Press Contact
Véronique Mathonet