RREEF has acquired the Paris headquarters of train systems specialist Alstom Transport for EUR 98.7 mln. The transaction was carried out on behalf of RREEF's open-ended fund Grundbesitz Europa.
RREEF has acquired the Paris headquarters of train systems specialist Alstom Transport for EUR 98.7 mln. The transaction was carried out on behalf of RREEF's open-ended fund Grundbesitz Europa.
The vendor was Generali Group.
Sigma Building is located in the 'ZAC des Docks de Saint-Ouen' and comprises 18,000 m2 of office accommodation. It has been fully leased to Alstom Transport since its completion in 2009.
'This acquisition follows recently completed transactions in Bordeaux and Lyon for our core German clients and open-ended funds. We continue to identify compelling investment opportunities in France and Belgium on their behalf,' said Maximilien de Wailly, head of France and Belgium at RREEF.
RREEF is the real estate investment management business of Deutsche Bank's Asset Management division and has EUR 43.6 bn of assets under management.
