German fund manager Deka Immobilien has announced the sales of two office buildings in Lyon and in Milan.
In Lyon, the company sold Le Triangle to AEW Europe, acting on behalf of ERAFP, the French pension fund for public employees. The sale price was not disclosed. The property was owned by Deka's S-Property Fund N. 1.
Located in the Part-Dieu central business district of Lyon, it provides 11,800 m2 of space and 249 parking spaces and is fully let to tenants mainly from the public sector.
In Milan, Deka, acting on behalf of its West ImmoValue open-ended property fund, has disposed of an office building at Via Primaticcio 155-159 to the Nexus 1 fund, managed by Amundi RE Italia Sgr, for €63.5 mln.
Built in 2003, the asset offers 19,600 m2 of space and 329 parking spaces and is fully let to the cosmetics manufacturer L'Oréal.
