French real estate investment manager Amundi Immobilier has annonced the purchase of 10,500 m[sup]2[/sup] of office space under development in Montpellier, Southern France, on behalf of its Slivimo and Lion SCPI investment vehicles. The development project was sold by Artea Group for around EUR 23 mln, excluding taxes.
French real estate investment manager Amundi Immobilier has annonced the purchase of 10,500 m2 of office space under development in Montpellier, Southern France, on behalf of its Slivimo and Lion SCPI investment vehicles. The development project was sold by Artea Group for around EUR 23 mln, excluding taxes.
The Apollo complex consists of two office buildings which are completely leased with a six year rental agreement. Artea is seeking to obtain the BBC energy-efficiency certificate for the property located in the new Eureka - Le Millenaire district of Montpellier.
Sorovim Entreprise 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 and realised over EUR 380 mln worth of transactions so far this year, including the purchase of 10 commercial properties for about EUR 200 mln.
