Cofitem-Cofimur, which is finalising its merger with French REIT Foncière Paris France, has announced the acquisition of the Vivarte headquarters in Paris.
Cofitem-Cofimur, which is finalising its merger with French REIT Foncière Paris France, has announced the acquisition of the Vivarte headquarters in Paris.
Located in Paris' 19th district, the office scheme was acquired for over €53 mln, reflecting a yield of 6.6%.
The asset provides a total of 15,700 m2 of office space and 120 parking spaces. It is entirely let to fashion group Vivarte with a fixed term of nine years.
Cushman & Wakefield advised the buyer on the transaction.
