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News

STAM sells fully-let office building

"Asset manager STAM has sold a 6,470 sq m (69,642 sq ft) office building at 140 Avenue Jean Lolive, Pantin, in the north east of Paris, advised by Catella Property and Savills."

News

CB Richard Ellis Investors' Pan European Core Fund (PEC) advised by Savills

"CB Richard Ellis Investors' Pan European Core Fund (PEC) advised by Savills has acquired the Central Parc business park near Paris from a private investor. The global real estate investment manager said that the transaction, arranged by Savills, is the fund's second acquisition in France and third acquisition in Europe. The financial details were not disclosed."

News

Investment in France to reach €14bn in 2011

"International real estate advisor Savills expects the annual turnover in France to total €14bn by the end of the year, up from €13.3bn in 2010, bringing the volume back to just below the 10-year average of €14.2bn. Despite a quiet first quarter, with an anticipated €1.8bn transacted, the firm expects investors to take advantage of the current high demand for prime stock to put their assets on the market, thereby creating investment opportunities."

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