Tishman Speyer has acquired the Olympe office building in the Saint Denis suburb of Paris from LaSalle Investment Management's European Growth Fund II. The financial details were not disclosed.
Tishman Speyer has acquired the Olympe office building in the Saint Denis suburb of Paris from LaSalle Investment Management's European Growth Fund II. The financial details were not disclosed.
The property, which is earmarked for the Tishman Speyer French Venture OPCI fund, was delivered in July 2006 and is located opposite the Stade de France in Saint Denis. The scheme offers around 16,000 m2 of office space with some retail accommodation and 318 parking spaces. Major tenants include French bank BNP Paribas and DOW.
The buyer was advised by Wargny Katz, law firm De Pardieu Maffei Brocas et Accuracy. Lavigne & Roux Notaires Associés and Clifford Chance acted for the vendor.
