US private equity group Blackstone Group has acquired an office scheme in the ninth arrondissement of Paris from Aberdeen Immobilien KAG's frozen Degi International open-ended property fund. Financial details were kept confidential.
US private equity group Blackstone Group has acquired an office scheme in the ninth arrondissement of Paris from Aberdeen Immobilien KAG's frozen Degi International open-ended property fund. Financial details were kept confidential.
The property comprises 24,000 m2 of office space and 1,600 m2 of residential accommodation, occupied in full by natural gas group GrDF.
DTZ brokered the transaction. Blackstone was advised by SCP Attal et Associes, Salans and Jones Day. L’Etoile Properties Services and Le Breton & Associes acted for Aberdeen.
