La Française REM has announced the acquisition of Les Latitudes office complex in the business park near the Montpellier airport from the European Added Value Fund (EAVF) managed by AXA Real Estate. Financial details were not disclosed.
La Française REM has announced the acquisition of Les Latitudes office complex in the business park near the Montpellier airport from the European Added Value Fund (EAVF) managed by AXA Real Estate. Financial details were not disclosed.
The purchase was made on behalf of La Française REM's Multimmobilier 2 SCPI investment vehicle.
The scheme, delivered in 2008, was acquired by EAVF in a forward-funding transaction in 2006. It consists of two multi-let buildings offering a total of 5,500 m2 as well as 195 underground parking spaces.
CBRE and BNP Paribas Real Estate advised on the deal.
