Catalyst acquires airport-based office portfolio in Toulouse, France

European real estate investment and fund management firm Catalyst Capital has purchased a portfolio of four office buildings in Toulouse, France, from Real I.S. Group for €100 million ($112 million).

The properties encompass 505,900 square feet near the Toulouse-Blagnac Airport, a major aerospace and aeronautic hub and home to Airbus, a European multinational aerospace corporation.

The airport will see a new metro line in 2024; a new airport terminal, which opened last year; and a 861,000-square-foot exhibition center in 2020.

The buildings are held by a closed-end fund of private investors, according to Catherine Luithlen, managing director of Real I.S France. “It offers an attractive return for the shareholders in a context where the French regional market is very strong. Let by Airbus, these assets change hands but keep the