Real estate investment company Rynda Property Investors has acquired a multi-let office in Lille, northern France, from a French subsidiary of Quintain Estates and Development for EUR 19.7 mln. The property was purchased on behalf of Rynda's French fund Rynda en Primeur and is almost fully let, Rynda said.
Real estate investment company Rynda Property Investors has acquired a multi-let office in Lille, northern France, from a French subsidiary of Quintain Estates and Development for EUR 19.7 mln. The property was purchased on behalf of Rynda's French fund Rynda en Primeur and is almost fully let, Rynda said.
Rynda's ceo Michael Walton said: 'en Primeur is designed to give institutional investors access to the opportunities of an attractive market sector. We expect to announce further purchases shortly and details of significant fundraising activity.'
Rynda is an independent real estate investment management house that was established in September 2005 to operate funds throughout Europe. The Halladale Group hold a majority stake in the company, while ceo Michael Walton holds a significant minority stake.