BNP Paribas REIM purchases Rennes office scheme

By A staff reporter 2012-01-25T00:00:00+00:00

BNP Paribas Real Estate Investment Management has announced the acquisition of the Armorique office building in Rennes, Brittany from French privately-held property company Proudreed. The transaction volume amounts to EUR 20.5 mln

BNP Paribas Real Estate Investment Management has announced the acquisition of the Armorique office building in Rennes, Brittany from French privately-held property company Proudreed. The transaction volume amounts to EUR 20.5 mln

The asset is leased to Dreal - the regional environmental and management agency - with a 15-year fixed lease and offers 8,000 m² of office space.

BNP Paribas Real Estate Transaction and CBRE brokered the deal.