Swiss Life REIM has acquired Le Cardinet office building in the 17th arrondissement of Paris from a fund managed by LaSalle Investment Management.

Swiss Life REIM has acquired Le Cardinet office building in the 17th arrondissement of Paris from a fund managed by LaSalle Investment Management.

The acquisition was carried out on behalf of an OPCI fund for institutional investors managed by Swiss Life REIM.

The asset provides 8,000 m2 of office space and is entirely leased to a number of tenants including Pôle Emploi, the largest occupier.

Financial details were kept confidential.

The buyer was advised by law firm Landwell, PriceWaterhouseCoopers and notary firm Vincent Gérard.

DTZ and CBRE as well as Clifford Chance and Roux acted for the vendor.