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Duo Buy Paris Garage To Build $155M Office
Two funds have jointly bought a parking garage in Bastille, central Paris, from Credit Agricole Immobilier to build an office at a cost of $155.7 million.
Two funds have jointly bought a parking garage in Bastille, central Paris, fromCredit Agricole Immobilier建立一个办公室的成本1.557亿美元,GlobeStreports. The purchasers are theEuropean Property Investors Special Opportunitiesfund and theSTAM Europe-administeredSTAM REI IIIfund. Credit Agricole Immobilier is theCredit Agricole Group’s specialist real estate subsidiary.
TheEuropean Property Investors Special Opportunitiesfund is jointly run byTristan Capital PartnersandAEW Europe. The garage will be transformed into a 270,000-square-foot office complex, with an extra 25,000 square feet of retail.
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