US-based investor Tishman Speyer acquired two speculative office developments in Paris before the Christmas break. The investment volumes for 'Strato' (12,200 m2) and 'Rezo' (15,800 m2) were not disclosed.
US-based investor Tishman Speyer acquired two speculative office developments in Paris before the Christmas break. The investment volumes for 'Strato' (12,200 m2) and 'Rezo' (15,800 m2) were not disclosed.
The vendors were SODEARIF, a development subsidiary of Bouygues Construction, and French national rail’s property arm. The deal was financed by BNP Paribas, Natixis and Crédit Foncier.
The two office buildings are designed to comply with the environmental standards, BBC, HQE and BREEAM Very Good.
The developments form part of the renewal of the Péreire-Cardinet quarter and are to be delivered in 2013.
