Horizon French Property Partnership I, advised by Horizon Investment Management, has acquired a 6,500-m[sup]2[/sup] vacant building in the 17th arrondissement of Paris that was formerly occupied by Prisma Presse. The vendor was Pramerica.
Horizon French Property Partnership I, advised by Horizon Investment Management, has acquired a 6,500-m2 vacant building in the 17th arrondissement of Paris that was formerly occupied by Prisma Presse. The vendor was Pramerica.
The financial details were not disclosed.
The asset will undergo a major renovation to create a building that meets the latest technical and environmental standards, Horizon said.
Financing for the acquisition and works has been provided by BNP Paribas and Société Générale CIG.
