French listed property firm Docks Lyonnais and its asset manager Shaftesbury have sold the Cap Est office building in Val-de-Fontenay, near Paris for EUR 120 mln. The buyer is insurance group BNP Paribas Cardif.
French listed property firm Docks Lyonnais and its asset manager Shaftesbury have sold the Cap Est office building in Val-de-Fontenay, near Paris for EUR 120 mln. The buyer is insurance group BNP Paribas Cardif.
The transaction, which was first agreed in Q3, involves a 29,500 m2 office scheme delivered in 2008 and fully let to Axa GIE with a nine-year lease.
Catella Property and BNP Paribas Real Estate advised the vendor.
Law firms Wargny Katz and Clifford Chance acted for the seller, Etude Thibierge & Associés for the buyer.
