La Française REM has announced the acquisition of the Kappa office scheme in Saint-Ouen, Ile-de-France, from the Hines Pan-European Core Fund, for €85 mln.
La Française REM has announced the acquisition of the Kappa office scheme in Saint-Ouen, Ile-de-France, from the Hines Pan-European Core Fund, for €85 mln.
The complex is located in the new Docks district of Saint-Ouen and provides nearly 16,000 m2 of space as well as 334 parking spaces.
Completed in 2008, the building was designed by architects Reichen-Robert & Partners and boasts a High Quality Environmental certificate. It is fully let to Alstom Transports with a long-term rental agreement.
Catella brokered the transaction.
The buyer was advised by law firm Etude 14 Pyramides while Lasaygues & Associes acted for the vendor.
