Rockspring sells in Montpellier

By A staff reporter 2008-11-19T00:00:00+00:00

HypoVereinsbank's investment subsidiary Internationales Immobilien-Institut has acquired the City Plaza officer building in Montpellier, France from UK investor Rockspring. The property, which consists of 4,000 m[sup]2[/sup] of new office space, was sold for close to EUR 10 mln. The asset was developed by Groupe Lazard's construction arm.

HypoVereinsbank's investment subsidiary Internationales Immobilien-Institut has acquired the City Plaza officer building in Montpellier, France from UK investor Rockspring. The property, which consists of 4,000 m² of new office space, was sold for close to EUR 10 mln. The asset was developed by Groupe Lazard's construction arm.

Global property services firm Atisreal advised both the seller and the buyer.