German investor Real I.S. has acquired an office building in central Paris for around EUR 32 mln. In a statement, the company said that the office property is earmarked for the institutional fund BGV Bayerische Grundvermögen III SICAV FIS (BGV III).
German investor Real I.S. has acquired an office building in central Paris for around EUR 32 mln. In a statement, the company said that the office property is earmarked for the institutional fund BGV Bayerische Grundvermögen III SICAV FIS (BGV III).
The seven-storey asset provides around 3,000 m2 of lettable space and 27 parking spaces. The building is fully let on a long-term basis to the international engineering group Fives. Last week, Real I.S. bought a 18,000 m2 office property in Amsterdam for EUR 67 mln. The fund earlier invested in the cities of London, Ottawa and Madrid.
