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 GlobeSt.com.Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
