A joint venture of Nexity-Reim and Lexin Capital has invested EUR 60mln in the acquisition of an office project in Alfortville in the southeastern suburbs of Paris. The project, which was acquired from Nexity-Entreprises, will provide 18,000 m[sup]2[/sup] of office space on delivery in March 2010.
A joint venture of Nexity-Reim and Lexin Capital has invested EUR 60mln in the acquisition of an office project in Alfortville in the southeastern suburbs of Paris. The project, which was acquired from Nexity-Entreprises, will provide 18,000 m2 of office space on delivery in March 2010.
Nexity said on Wednesday in a statement that the development was purchased by a partnership which is 20% owned by Nexity REIM and 80% by New York-based private investment firm Lexin Capital. Nexity REIM will manage the property. The buyers were advised by the Attal notary office. The financing to the deal was provided by Eurohypo.
'This transaction shows our confidence in the Paris property market even in these uncertain times,' said Metin Negrin, president of Lexin Capital.
