LPOV, an investment fund managed by LaSalle Investment Management, has reportedly carried out its first acquisition in France with the purchase of Le Bleriot office building in Suresnes, in the western suburbs of Paris, from Standard Life Investments (SLI). The transaction prices comes to some EUR 100 mln, French media reported on Friday.
LPOV, an investment fund managed by LaSalle Investment Management, has reportedly carried out its first acquisition in France with the purchase of Le Bleriot office building in Suresnes, in the western suburbs of Paris, from Standard Life Investments (SLI). The transaction prices comes to some EUR 100 mln, French media reported on Friday.
Completed in 2005, the office building provides around 21,500 m2 of office space fully let to Agercy France with a six-year rental agreement. SLI bought the project in September 2003 from local developer Icade. German bank Landesbank Baden-Württemberg (LLBW) financed the acquisition.
Standard Life Investments was advised by law firm Clifford Chance. De Pardieu Brocas Maffei and Arsene Taxand acted for LaSalle Investment Management.
