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.