ING Real Estate Investment has signed an agreement with the privately-owned real estate company Hines for the purchase of an office development located at 66-70 Avenue Charles de Gaulle/4 rue Louis-Philippe in Paris. The building will provide some 4,500 m[sup]2[/sup] of office space on six floors and two basement levels with 50 parking spaces. The financial details of this transaction have not been disclosed.
ING Real Estate Investment has signed an agreement with the privately-owned real estate company Hines for the purchase of an office development located at 66-70 Avenue Charles de Gaulle/4 rue Louis-Philippe in Paris. The building will provide some 4,500 m2 of office space on six floors and two basement levels with 50 parking spaces. The financial details of this transaction have not been disclosed.
The office, due for completion in December 2007, is already partly prelet to three tenants, namely the Promod chain and La Poste on the ground and first floors and the Hines France head office on the two upper floors, French newspaper Business Immo reported.
