Societe Fonciere Lyonnaise (SFL) has sold a mixed-use property in Paris to real estate company Norfeu for EUR 42 mln. The 6,770 m[sup]2[/sup] building in the 17th arrondissement (district) of the French capital has retail, office and residential units. It generates an annual rent of EUR 1.8 mln.

Societe Fonciere Lyonnaise (SFL) has sold a mixed-use property in Paris to real estate company Norfeu for EUR 42 mln. The 6,770 m2 building in the 17th arrondissement (district) of the French capital has retail, office and residential units. It generates an annual rent of EUR 1.8 mln.

SFL has a portfolio worth almost EUR 3.2 bn of buildings located primarily in the Central Business District (CBD) of Paris. SFL's partner company Colonial Group was taken over by Spain's Inmocarol earlier this year and Colonial was subsequently given six seats on SFL's board.