Oxford Properties, the property arm of Canadian pension fund giant OMERS, is sounding out investor interest for its 92 Avenue de France office complex in Paris, PropertyEU has learned.
The landlord has hired brokers CBRE and C&W to start quietly marketing the core investment opportunity with a price believed to be over €300 mln.
Oxford bought the prime office building in 2015 for a price believed to be around €200 mln from GLL Real Estate Partners and Union Investment Real Estate.
The building is fully leased on a long term basis to the French publishing house Editis. Located in the Paris Rive-Gauche sub-market of the city’s 13th arrondissement, in one of the best-performing sections of the Paris office market, with a very low vacancy rate, the asset provides around 21,850 m2 of office space.
All parties declined to comment.
