Amundi buys from IVG in Paris

French real estate investment manager Amundi Immobilier has acquired the Quai 50 office building from Germany's IVG Institutional Funds for an undisclosed amount.

The relatively new property offers nearly 5,000 m² of office space in Levallois Perret in the northwestern suburbs of Paris, and is entirely let to technology group Oberthur International. BNP Paribas Real Estate and Jones Lang Lasalle advised on the deal.

Amundi Immobilier is the result of a partnership between Crédit Agricole Asset Management Real Estate and Société Générale Asset Management Real Estate Investment Managers. The company has around EUR 4.6 bn of assets under management.

Also in Paris, the Foncière des Andes OPCI vehicle managed by Cleaveland has acquired a 2,600-m² office building at Rue de Marignan in the eigth arrondissement of Paris for EUR 23 mln. The scheme was sold by a private investor.

BNP Paribas Real Estate advised the seller while Banco Santander acted for the buyer.