GE RE acquires two office buildings in Nantes

By A staff reporter 2007-01-05T00:00:00+00:00

GE Real Estate has acquired two office building development in western France from the property company Eiffage Immobilier Ouest for EUR 9.1 mln. The assets, located in Orvault, near Nantes, provide an total area of 5,598 m[sup]2[/sup]. They were purchased through a sale prior-to-completion agreement (VEFA) and will be delivered in the first quarter of 2008. Atisreal Nantes advised the seller, French newspaper Business Immo reported.

GE Real Estate has acquired two office building development in western France from the property company Eiffage Immobilier Ouest for EUR 9.1 mln. The assets, located in Orvault, near Nantes, provide an total area of 5,598 m². They were purchased through a sale prior-to-completion agreement (VEFA) and will be delivered in the first quarter of 2008. Atisreal Nantes advised the seller, French newspaper Business Immo reported.

GE Real Estate, a business unit of GE Commercial Finance, is a major real estate company active in North America, Europe and Asia. In 2005, the group had net income increasing 14% over 2004. GE Real Estate is also one of the fastest growing units within GE Commercial Finance.