UK property company Grosvenor and global financial services firm Capmark Investments have jointly acquired two landmark office buildings in the 17th arrondissement of Paris from Deutsche Bank's real estate unit RREEF. Developed in 2000 by Capital & Continental, the properties, Colisée III and IV, provide a total of 23,000 m[sup]2[/sup] of prime office space and are let to the French carmaker Citroen and gas supplier Gaz de France.
UK property company Grosvenor and global financial services firm Capmark Investments have jointly acquired two landmark office buildings in the 17th arrondissement of Paris from Deutsche Bank's real estate unit RREEF. Developed in 2000 by Capital & Continental, the properties, Colisée III and IV, provide a total of 23,000 m2 of prime office space and are let to the French carmaker Citroen and gas supplier Gaz de France.
Barclays Capital provided funding for the acquisitions but the financial details were not disclosed.
Grosvenor is a properly development, investment and fund management company with total assets under management of EUR 16 bn. Capmark provides a broad range of financial services to commercial real estate investors
