ING Real Estate said on Tuesday that it has acquired two office properties in France for approximately EUR 70mln. The assets are earmarked for ING Real Estate's Office Fund. The fund bought Le Millenium 1, a multi-tenant building covering 6,873 m[sup]2[/sup] of office space and 110 parking spaces, located in the city centre of Bordeaux. The building is fully let to six tenants.
ING Real Estate said on Tuesday that it has acquired two office properties in France for approximately EUR 70mln. The assets are earmarked for ING Real Estate's Office Fund. The fund bought Le Millenium 1, a multi-tenant building covering 6,873 m2 of office space and 110 parking spaces, located in the city centre of Bordeaux. The building is fully let to six tenants.
In the Forum Seine area of Issy-les-Moulineaux, south west of Paris, ING purchased L'Open building, which provides 8,028 m2 of office space across eight floors and a six-level underground car park. The main tenant CMP Medica occupies 75% of the building. The two other tenants are Oxya and A.P.C.
The company has also acquired a Gazeley Canly, a new grade A state-of-the art logistics centre covering 23,819 m2 located in Canly, Oise, 60 kilometres north of Paris. The building has been fully let to Recall France and provides 22,066 m2 of logistics warehouses, 994 m2 of offices, a 759m2 technical zone, parking spaces for five heavy goods vehicles and a car park for over 85 cars. The building was acquired for approximately EUR 17mln from the Gazeley and CalEast Global Logistics joint venture on behalf of the ING Real Estate Industrial Fund Europe.
