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Sign in Sign up for a FREE subscriptionLa Française acquires Paris office building on behalf of Korean investors
La Française, acting on behalf of Hyundai Investment Asset Management and a group of Korean Securities companies, has acquired Le Balthazar, an eight-story office building on the outskirts of Paris. AEW acted as seller on behalf of La Caisse des Dépôts and another institutional investor.
The property is located in Saint Denis (93), Place des Droits de l’Homme, in close vicinity to the Stade de France. It is ideally situated in a dynamic and mature business environment, where a number of international groups have set up their headquarters, and accessible via public transportation (RER line B, bus and the future “Stade de France” metro station).
La Française says this is yet another prime acquisition in a series, carried out on behalf of Korean investors, seeking to diversify their real estate portfolios and convinced of the attractiveness of the French real estate market and its upside potential given the development of the Grand Paris project and the future P
