Franco-Dutch property giant Unibail-Rodamco has signed a long-term lease agreement with business software company SAP for 17 floors in the So Ouest tower in Levallois-Perret, a suburb of Paris.
Franco-Dutch property giant Unibail-Rodamco has signed a long-term lease agreement with business software company SAP for 17 floors in the So Ouest tower in Levallois-Perret, a suburb of Paris.
In total, SAP took up 27,900 m2, representing more than 90% of the gross lettable area of the building.
The asset is part of the urban redevelopment of the So Ouest district. This redevelopment also includes the So Ouest shopping centre inaugurated in October 2012 and the So Ouest Plaza mixed-use development project that will feature an office tower and a cinema to be delivered in H1 2015.
SAP will start fit-out works in Q1 2014 and is expected to enter the premises by mid-2014.
Jones Lang LaSalle advised on the transaction. Freshfields Bruckhaus Deringer and Fairway acted as legal counsel for Unibail-Rodamco and SAP, respectively.
