PARIS—Hines has completed the sale of Pointe Métro located in Gennevilliers, near Paris, to Northwood Investors LLC.
The 255,675-square-foot office building is 100% occupied by Prisma Media, a leader in the European magazine industry. Pointe Métro was designed by Jean-Paul Viguier & Associés. A campus-style project with three independent but related buildings, Pointe Métro is located near a Metro station.
The transaction was facilitated by real estate firm Catella Property through a co-exclusive arrangement with JLL. The advisory firms that handled the transaction for HEVAF (Hines) are Lacourte Raquin Tatar and Baker McKenzie. Northwood Investors was represented by Attal & Associés; King & Spalding and Darrois Darrois Villey Maillot Brochier.
The selling price was not disclosed, but according to a research report from Grosvenor Group Ltd., Hines had bought Pointe Metro from Nexity Enterprises for $95 million in 2008
Northwood Investors is a leading privately-held global real estate investment and management firm with assets under management of approximately $4 billion.
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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.
