European real estate fund manager Aerium has sold four commercial properties in France to three separate buyers for a combined value of €115 mln.

European real estate fund manager Aerium has sold four commercial properties in France to three separate buyers for a combined value of €115 mln.

The disposals were carried out on behalf of two funds, Aerium Cardinal Properties and Aerium Opportunity Fund I.

The four assets provide office space totalling 48,000 m2. One of the properties is located in Saint Quentin, northern France, and the other three are centrally located in the eastern-central city of Lyon. The Lyon properties are all located within the ‘la Part-Dieu’ area, the city’s main shopping destination and an increasingly popular business district.

Founded in 2003 and headquartered in Luxembourg, Aerium is a pan-European real estate investment manager with €6.1 bn of assets under management.