US EditionBlackstone Acquires €700m Paris Trophy Office Asset
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.4 Articles
4 Articles
Blackstone acquires €700m Paris trophy office asset
Blackstone has confirmed the acquisition of a landmark office property in Paris for around €700m ($819m), highlighting renewed appetite among private equity real estate investors for prime European office assets, according to a report by Reuters. The century-old Centre d’Affaires building, located in the city’s Trocadéro district, was purchased from German investor Union Investment, which originally acquired the asset in 2003 for €284m. Reuters …
An agreement has been reached to purchase the Centre d'Affaires building, more than a century old and located in the elite Trocadéro district of Paris.
Built in 1913 by Société Générale to protect its securities, the Paris-Trocadéro business centre located in the 16th arrondissement becomes the property of the American Blackstone who buys it from the German Union Investment more than double the price paid in 2003.
The open fund Uniimmo Germany has sold the commercial property Centre d'Affaires de Paris Trocadéro to Blackstone.
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
