PARIS—Internos Global Investors Ltd., a $4.6 billion (€3.9B) owner-managed real estate fund management firm, has sold a portfolio of three office buildings located in the southwest of France for a total of $26.17 million (€22.2M). The sale was completed by Internos on behalf of a Swedish pension fund.
Two of the office buildings are located near Bordeaux in Mérignac and Floirac and one in the Basso Combo district of Toulouse. The three buildings total 15,000 sq m and are fully leased with a weighted unexpired lease term of 4.3 years.
“The decision to dispose of these assets was taken following the completion of their individual asset management programmes,” said Guillaume Masset, the firm's head of France. “It also follows a successful period of disposals last year, in which we returned a significant amount of capital to investors.”
C&C Associes advised Internos.
Since its formation by Andrew Thornton and Jos Short in 2008, Internos has become a significant pan-European investment manager with eight offices in London, Frankfurt, Amsterdam, Paris, Lisbon, Milan, Luxembourg, and Madrid with approximately 110 employees, over 1,000 commercial property investments in 12 countries.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
