SEB bought the Cap de Paris office building in the Paris suburbof Montrouge for $67.5 million from pharmaceuticals group Pfizer.The property was bought for its SEB Europe REI open-ended realestate special fund, launched in 2009. "Additional investments areplanned in the course of 2010 to increase country diversification,"the company said.

The Cap de Paris building offers 87,187 square feet of officespace and is fully leased to French publishers La Martinière Groupeunder a six-year lease which started in March. SEB said Montrougeis now one of the most important office locations in Ile-de-Francedue to its links to Paris public transport and to the regional andnational motorway network.

AllanSaundersonis a managing editor of PropertyInvestor Europe and a contributor to

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.