A joint venture of French property company Eurosic and insurance groups Predica and ACM Vie has acquired a 7,500 m2 office development in the Opéra district of Paris.
A joint venture of French property company Eurosic and insurance groups Predica and ACM Vie has acquired a 7,500 m2 office development in the Opéra district of Paris.
The vendor was Allianz Real Estate. Financial details were not disclosed.
The Haussmanian building is located at the corner of rue Lafayette and rue Laffitte, in the centre of the French capital.
'This asset will be entirely restructured,' said Thomas Camus, development head of Eurosic. 'On completion, it will offer the best quality and environmental standards for a new-built property.'
Completion of the development is scheduled for end-2014.
