French insurance group CNP is understood to be close to calling for offers on the Sud-Pont office complex near the Montparnasse train station in central Paris, PropertyEU has learned.
The institutional investor and its asset manager DTZI started marketing the asset in March through brokers BNP Paribas Real Estate, CBRE and Eastdil. The HQE certified building is expected to fetch over €300 mln.
CNP bought the asset back in 2011 for roughly €220 mln.
The 27,363 m2 eight-storey office building is centrally located and has core-plus/value-add potential as its largest tenant, the French Ministry of Health, is planning to move out, providing an opportunity for the new landlord to fully redevelop the asset and significantly increase the investment value.
All parties declined to comment.
