The real estate investment arm of Quilvest Private Equity has acquired Le Clarté office building in the north west of Paris from Aviva Investors Real Estate France.
No financial details were disclosed.
Le Clarté is a multi-let office building comprising nine floors including two underground. The property is currently over 70% let.
Quilvest Real Estate said it will work with the operating partner Freo France.
Patrick Laroche, the CIO Europe & Asia at Quilvest Real Estate, said: “We are pleased to announce our first direct acquisition in French real estate.
“France, and particularly Île-de-France, is a competitive market, however there are still attractive investment prospects with good asset management potential.”
Laroche added that Quilvest intends to pursue further investments in French real estate as part of its pan-European acquisition strategy.
“We continue to actively deploy capital in properties that offer value-add potential.”
In the last twelve months, Quilvest Real Estate has made investments in Germany and the US.