US investor Tishman Speyer is acquiring the Influence office project in Saint-Ouen to the north of Paris from listed property developer Nexity.

US investor Tishman Speyer is acquiring the Influence office project in Saint-Ouen to the north of Paris from listed property developer Nexity.

The Jacques Ferrier-designed project will provide 33,000 m2 of office space in the new Docks district of Saint-Ouen. Delivery of the building, which is targeting HQE and BREEAM Very Good sustainability ratings, is scheduled for the first quarter of 2017.

Financial details were not disclosed.

'This off-plan sale enables the group to beat its 2014 target of more than €100 mln in commercial real estate order intake by a wide margin,' the Paris-listed developer said.

Tishman Speyer was advised by law firm Wargny Katz and De Pardieu Brocas Maffei and Finae Advisors. BNP Paribas financed the acquisition.

Notaires du Trocadéro and Stratégies & Corporation acted for Nexity.