Aerium Properties 7 has acquired a mixed use property in the 16th arrondissement of Paris from a private Irish investor. The sale price of EUR 10.5 ml reflects a

Aerium Properties 7 has acquired a mixed use property in the 16th arrondissement of Paris from a private Irish investor. The sale price of EUR 10.5 ml reflects a
net initial yield of 6.4%.

Aerium carried out the purchase of the 1,200 m2 of office and retail space on behalf of a private Luxembourg fund,

Pascal Rupert, director of Savills investment, said: 'More than EUR 1 bn of investment was carried out by family offices in 2009 equating to 12% of the overall investment volume. This was principally invested into assets ranging EUR 10 and EUR 50 mln.

International real estate advisor Savills represented Aerium.