A consortium formed by Fideppp (a fund managed by Mirova, subsidiary of Natixis Asset Management), GCC Group and IDEX has signed a PPP contract with the University of Grenoble for the construction of 3 buildings (PILSI / ESD / BEeSY) with an investment of 54 million €. This project is the largest real estate investment in the university area of Saint-Martin D'Heres in the last 30 years.

The signature of the contract took place on 4 July 2013.

The consortium will be responsible for the design, finance, build and maintenance of three centers of excellence at the Grenoble University campus, 3 buildings with a total area of 21,200 sqm.

SN Cuynat Constructions and GCC Rhône-Alpes will take 10 months to design the project and get the necessary approvals. Then the construction stage is expected to begin in May 2014 and last for a period of 22 months.

This is the second partnership that University of Grenoble PRES (Center for research and higher education) signs for its "Grenoble Innovation University" campus operation (the first contract, operation "GreEn-ER", was signed on 20 July 2012).

The project obtained the support of the DFE savings fund which contributed €10 .1 million to finance the project.  The credit granted by the DFE will be reimbursed by PILSI Services through payments from the PRES obtained through interest of the campus endowment.

The Crédit Foncier de France and the Caisse d'Epargne et de Prévoyance de Rhône-Alpes banks will finance the project.

Source: GCC