MARSEILLES, FRANCE-Perial Asset Management, a French company, has acquired the Espace Gaymard office building located in Marseilles for approximately EUR 38.4 million. The 114,097-square-foot property was sold by Hamburg-based Union Investment Real Estate GmbH.
Union Investment bought the nine-story office building, situated in the Euromediterranee submarket, as a speculative development in 2002 for its real estate fund, UniImmo: Europa. BNP Paribas and CB Richard Ellis represented Union Investment in the sale. For the full story, go to Europe Real Estate .
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