French state-owned bank Caisse Des Depots and listed property investment company Eurosic said on Friday that they have completed the purchase of the Terra Nova II office building in Montreuil sous Bois in a 50/50 joint venture for EUR 153 mln. The sale agreement was initially signed in July this year.
French state-owned bank Caisse Des Depots and listed property investment company Eurosic said on Friday that they have completed the purchase of the Terra Nova II office building in Montreuil sous Bois in a 50/50 joint venture for EUR 153 mln. The sale agreement was initially signed in July this year.
The 31,800 m2 office scheme was bought from Italian insurance group Generali on the advice of AEW Europe. The deal was financed by Bayerische Landesbank.
CBRE acted for the seller.
