French SIIC SFL said it has sold three buildings in Paris for a total of EUR 62 mln. The Paris-based company has disposed of a 3,200 m[sup]2[/sup] office and retail asset at 62 Beaubourg in the third arrondissement to TMW Pramerica Property Investment. The transaction amounted to EUR 22.3 mln, excluding transfer costs. The seller was represented by C&W, under a co-exclusive contract with JLL.
French SIIC SFL said it has sold three buildings in Paris for a total of EUR 62 mln. The Paris-based company has disposed of a 3,200 m2 office and retail asset at 62 Beaubourg in the third arrondissement to TMW Pramerica Property Investment. The transaction amounted to EUR 22.3 mln, excluding transfer costs. The seller was represented by C&W, under a co-exclusive contract with JLL.
In a separate transaction, the company sold two buildings located next to Parc Monceau to a French pension fund for a total of EUR 39.5 mln excluding transfer costs. The first, located 11 rue Prony in the 17th arrondissement, was renovated in 1999. Comprising around 2,500 m2 of offices, with 24 underground parking spaces, it has been entirely let to Roland Berger Strategy Consultants.
The second building, located on 6 Avenue Vélasquez in the eighth arrondissement, offers some 1,200 m2 of office space, which was renovated in 2006. It has been entirely let to the Curtis, Mallet-Prévost, Colt and Mosle law firm.
The seller was advised by Knight Frank, EXA Conseil Investissement, Cabinet Flabeau and Oudot & Associés Notaires. The buyer was advised by Charles-Édouard Peschard, Notaire.
