Union Investment has acquired an office building in one of the best business addresses in Europe. The property is situated in the CBD of Paris at the end of Avenue du Coq, a private road close to Saint-Lazare railway station. The acquisition will be added to the holdings of the UniInstitutional European Real Estate fund. The vendor is the global real estate investment manager Invesco Real Estate. The purchase price was not disclosed.
The property benefits from excellent public transportation due to its proximity to Saint-Lazare railway station.
Built in 1900, the building offers ca. 4,500 sq m of office spaces. It is currently fully let to a French law firm Fromont Briens.
Source : Company