Franco-Dutch property group Unibail-Rodamco has signed a preliminary agreement with Allianz to sell the Capital 8 office complex at Avenue de Messine in Paris for EUR 260 mln, according to sources close to the deal. The property is fully let to Rothschild and Aforge Finances for around EUR 800 per m[sup]2[/sup]. The transaction is said to reflect a yield of 5.5%.
Franco-Dutch property group Unibail-Rodamco has signed a preliminary agreement with Allianz to sell the Capital 8 office complex at Avenue de Messine in Paris for EUR 260 mln, according to sources close to the deal. The property is fully let to Rothschild and Aforge Finances for around EUR 800 per m2. The transaction is said to reflect a yield of 5.5%.
In Nice, Galerie La Fayette is negotiating the sale of the Cap 3000 shopping centre through HSBC. The second round of bids is expected to come in by March 22. According to market sources, the vendor has shortlisted eight bidders for the property, including Corio, Unibail-Rodamco, Altarea, Klépierre and Ségece. The asset is being sold for EUR 450 mln, or a yield of 4.5 - 5%.
