Commerz Real buys Paris office scheme for EUR 33m

Germany's Commerz Real has acquired the fully let office scheme Espace Dumont d'Urville in Paris for its Euro Office 1 institutional fund. The property was sold by Klépierre, a shopping centre operator in which BNP Paribas banking group holds a majority interest. The total investment volume for the property, which has a gross lettable area of about 3,100 m2, was about EUR 32.7 mln.

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