French fund manager Viveris REIM has announced three 'core' acquisitions in France on behalf of its Sppicav Delta Immo fund involving a total investment of EUR 82 mln, or a gross yield of 5.9%. In a statement on Monday, the company said it has bought a mixed-use building offering 4,200 m[sup]2[/sup] of office and residential space near the Paris stock exchange in the second arrondissement of the French capital. The asset is multi-let to nine tenants.
French fund manager Viveris REIM has announced three 'core' acquisitions in France on behalf of its Sppicav Delta Immo fund involving a total investment of EUR 82 mln, or a gross yield of 5.9%. In a statement on Monday, the company said it has bought a mixed-use building offering 4,200 m2 of office and residential space near the Paris stock exchange in the second arrondissement of the French capital. The asset is multi-let to nine tenants.
Elsewhere in Paris, Viveris REIM has purchased two office buildings from an unnamed German property fund. The assets offer nearly 10,000 m2 and 333 parking spaces in the Croissant D'or district of Suresnes, west of Paris. The buildings are fully leased to a total of five tenants.
The assets generate around EUR 4.9 mln in annual rents. DTZ advised on the deal. Viveris received legal advice from Vincent Gerard while Etude Thibierge acted for the sellers.
