KanAm Spezial grundinvest Fonds has acquired the Madeleine office building in the French city of Lille for EUR 19.4 mln. The German institutional fund said the prime property is fully leased to Finaref, a French banking and insurance group, on a long-term lease through 2016.
KanAm Spezial grundinvest Fonds has acquired the Madeleine office building in the French city of Lille for EUR 19.4 mln. The German institutional fund said the prime property is fully leased to Finaref, a French banking and insurance group, on a long-term lease through 2016.
Built in 2004, the building comprises 6,500 m2 of office space over eight floors and two underground levels. It also offers 157 parking spaces on the underground floors and 27 on the ground level.
International broker DTZ advised the buyer. The identity of the seller was not disclosed.
