Kappa BuildingParis

In 2007, Hines, on behalf of its Pan-European Core Fund (HECF), purchased an office building to be developed in early 2009 in St. Ouen, Paris, with French developer, Nexity. The building is part of a new 19-hectare master-planned development, which comprises approximately 130,000 square meters (1.399 million square feet) of state-of-the-art office, residential and retail space, located on Alstom's old manufacturing site between the river Seine and the town hall square of St. Ouen. Designed by the architectural firm Reichen-Robert & Partners, the building contains 15,847 square meters (170,586 square feet) of office space configured around an open courtyard and distributed over seven floors, as well as 334 parking places on three underground levels.