Unibail-Rodamco sells two office buildings for €311m
Unibail-Rodamco has sold two office buildings in Greater Paris for €311 million ($339 million). The buyer was not disclosed.
The properties include the 247,968-square-foot office building located at 70–80 Wilson near La Défense. The property includes two office buildings and a shared company restaurant. And the other office property, Nouvel Air, located in Issy-les-Moulineaux, France, totals 171,039 square feet.
Paris accounted for 80 percent of all transactions in the Greater Paris Region since the beginning of the year, according to JLL. As a whole, there were 48 transactions in Paris of office buildings larger than 54,000 square feet during the third quarter, an increase compared with the third quarter 2015, which had 36 transactions.
Investments in the Greater Paris Region market have increased quarter on quarter. Approximately €5.5 billion ($TK billion) was invested during third quarter 2016, taking the overall perfor