BayernLB Bank said on Monday that it provided EUR 22 mln financing to German-based investor Real I.S. for the acquisition of a six-floor office building in Paris recently. Real I.S.'s Bayerische Grundvermogen III Sicav real estate investment fund purchased the 3,000 m[sup]2[/sup] property near the Arc de Triomphe from Unibail-Rodamco for EUR 42 mln.
BayernLB Bank said on Monday that it provided EUR 22 mln financing to German-based investor Real I.S. for the acquisition of a six-floor office building in Paris recently. Real I.S.'s Bayerische Grundvermogen III Sicav real estate investment fund purchased the 3,000 m2 property near the Arc de Triomphe from Unibail-Rodamco for EUR 42 mln.
The building serves as the French head office of international law firm Mayer, Brown, Rowe & Maw. The transaction was the 12th acquisition for the BGV III fund for institutional investors and its second investment in the CBD region of Paris.
