Union sells Les Renardières in Paris for EUR 148m

By A staff reporter 2012-01-04T00:00:00+00:00

German fund manager Union Investment has sold Les Renardières office complex located in the commune of Courbevoie, near Paris. The buyer is an OPCI fund managed by real estate investment manager Primonial Reim.

German fund manager Union Investment has sold Les Renardières office complex located in the commune of Courbevoie, near Paris. The buyer is an OPCI fund managed by real estate investment manager Primonial Reim.

The complex consists of two office buildings providing a total of 32,000 m². Developed in 1990 and 1992, Les Renardières was bought in 2000 by Union's UniImmo: Deutschland open-ended fund.

Law firm Clifford Chance and notaries Cheuvreux advised Union on the deal.