Aviva Investors has acquired Le 50 rue d’Anjou office building in Paris on behalf of one of its mandates.
The global asset manager said the acquisition of the 10,600sqm office asset was done by way of a sale and leaseback deal with Crédit du Nord, which has occupied the building for the past 25 years.
Financial details were undisclosed.
Le 50 rue d’Anjou, located in the eighth arrondissement in the heart of the central business district of Paris, offers office space, arranged over two basement levels, a ground floor, five upper floors and surrounding four main interior courtyards.
Adrien Beuriot, head of asset management, continental Europe, at Aviva Investors, said: “Alongside London, Paris is the office market identified in our research last year that we expect to be the best-performing in Europe.
“The asset sits in a good location in the city, strengthened by its proximity to a significant transport hub. These attributes, coupled with the existence of a high-quality tenant, aligns it well with Aviva Investors’ investment strategy.”