Europrestim Management said it has completed EUR 30 mln worth of acquisitions in the Ile-de-France region on behalf of two managed investment firms. The French company has acquired two fully-let office and retail buildings in Paris from listed commercial property group Gecina for a total of EUR 18 mln.
Europrestim Management said it has completed EUR 30 mln worth of acquisitions in the Ile-de-France region on behalf of two managed investment firms. The French company has acquired two fully-let office and retail buildings in Paris from listed commercial property group Gecina for a total of EUR 18 mln.
The acquisitions were made for real estate investment companies Compagnie Foncière Internationale de l’Arche (Cofia) and Financière Gamalie. The assets are located in the 17th and ninth arrondissement of Paris, and offer nearly 3,000 m2 of total office space as well as 25 parking spaces.
Furthermore, Europrestim Management has acquired the Plot H building from the HSBC Group on behalf of Cofia. The transaction price amounts to just over EUR 12.3 mln. The property is located within the Collines de l'Arche complex at La Defense, where Cofia already owns 13,600 m2 of office accomodation. The asset provides 3,100 m2 of space and 43 parking spaces.
CB Richard Ellis and Cushman & Wakefield advised on the transactions.
