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.

Central Parc is a business park located in the vicinity of the Paris-Charles de Gaulle airport. The asset comprises eight buildings with a total area of 29,000 m2 built on a 107,000 m2 of land. The park is let to 35 tenants.

Grégoire Lecomte, director in the Industrial & Logistics department with Savills, noted: 'This is the largest sale in this asset class in France in over a year'.