German asset manager Deka Immobilien has announced the sale of an office building at rue Cambon in Paris' central business district to an unnamed buyer.
German asset manager Deka Immobilien has announced the sale of an office building at rue Cambon in Paris' central business district to an unnamed buyer.
The property was acquired by the Deka-Immobilien Europa open-ended fund in 2009 and was last valued at €167 mln. The sales price and the buyer were kept confidential.
The office building comprises 16,000 m2 of total space and 200 parking spaces. Built in 1913, the complex will be extensively refurbished by the new owner after the tenant relocates in early 2016.