French SIIC Affine has sold an office building in Marseille to UFFI REAM for EUR 7.6 mln excluding fees, as part of efforts to further streamline its office property portfolio.
French SIIC Affine has sold an office building in Marseille to UFFI REAM for EUR 7.6 mln excluding fees, as part of efforts to further streamline its office property portfolio.
The 'Grand Ecran' has total office space of 4,158 m² and is located at 11-13, Avenue André Roussin in Marseille. The deal was brokered by Atisreal Investissement, who advised both the seller and the buyer.
Affine said the sale price was in accordance with the appraisal value at end-2008. 'This deal will generate a significant capital gain for the company’s
financial statements for 2009,' the company said.
Early this year, Affine sold three non-strategic properties in the Paris region to an undisclosed buyer as part of the reorganisation its office property portfolio.
