German investor KanAm Grund has acquired the Le Jade office building in Saint-Denis in the northern suburbs of Paris for an undisclosed amount. The building was bought from Italian insurer Generali and provides around 38,000 m[sup]2[/sup] of office space and about 700 parking spaces.
German investor KanAm Grund has acquired the Le Jade office building in Saint-Denis in the northern suburbs of Paris for an undisclosed amount. The building was bought from Italian insurer Generali and provides around 38,000 m2 of office space and about 700 parking spaces.
KanAm is expected to make a formal announcement on the sale in the next few days. The property houses around 3,000 Generali employees as well as offices occupied by Xerox and Panasonic. Cushman & Wakefield advised KanAm on this transaction.
