Proudreed part of M Core acquires the emblematic Parc des Aygalades in Marseille from Société de la Tour Eiffel (STE)

Proudreed, part of M Core, France's leading private real estate company, today announces the acquisition of the 6-hectare Aygalades urban business park in the heart of Marseille. This move further strengthens Proudreed's strategic position in the Provence-Alpes-Côte d'Azur region, demonstrating its expertise and ability to identify and capitalize key development opportunities in a dynamic market. 

This new acquisition involves a complex of 13 buildings covering 19,000 m², along with a 485-space parking lot. Outdated office spaces will be either renovated or rebuilt into modern, state-of-the-art business premises, with an investment of €10 million, providing a high-performance environment for local SMEs.

The Parc des Aygalades offers a privileged working environment in a unique landscaped setting, with almost 1.8 hectares of planted areas. This enclosed and secure park offers tailor-made services for its occupants, including petanque courts, a bicycle path, beehives and foodtrucks. 

Ideally located along Boulevard Capitaine Gèze, Parc des Aygalades is part of Euromed, Europe's largest urban regeneration project, which also ranks as France's 3rd largest business district, after La Défense in Paris and Lyon Part-Dieu. The Parc des Aygalades benefits from optimal accessibility from the A55 and A7 motorways, and is located in the immediate vicinity of the new Gèze multimodal train station.

"Proudreed remains committed to its ambition and strategic vision, advancing with determination to develop its projects. We are confident that this new investment will drive growth in the region and further strengthen our leadership position,” said Christophe Le Corre, Chairman of Proudreed. 

Société de la Tour Eiffel (STE) was advised by CBRE, Cushman & Wakefield and Samuel Champeaux - Etude Wargny Katz and Thomas Le Bourg - Etude Notaires Montmartre for PROUDREED.