German property fund firm Commerz Grundbesitz said yesterday it had paid EUR 115 mln for the Portes de France office building currently under construction in Paris. The company said once construction is completed in the summer of 2008 the building will be included in its open-ended property fund Hausinvest Global.

German property fund firm Commerz Grundbesitz said yesterday it had paid EUR 115 mln for the Portes de France office building currently under construction in Paris. The company said once construction is completed in the summer of 2008 the building will be included in its open-ended property fund Hausinvest Global.

The Portes de France building, located in downtown Paris, has a gross lettable area of 25,000 square metres and 400 parking spaces. The building was sold by Capital & Continental and Slough Estates International.