EuroProperty: Allianz beats 60 bidders to value-add office in France

Extremely high levels of interest are being seen for well-located offices in strong European cities that are in need of heavy refurbishment or redevelopment.

PropertyEU’s weekly title EuroProperty carries details of huge interest in an asset in the French city of Lyon.

Allianz is tipped to have been selected among a 60-strong field of interested parties having agreed to pay around €80-€85 mln.

Subscribers can read details here.

EuroProperty’s latest issue also carries news of a €100 mln Portugal office portfolio on sale, Schroders raising £50 mln for a social housing plan, plus analysis of Blackstone’s logistics arm push, the mood at the forthcoming Expo Real trade show in Munich, how property played a part in the downfall of Thomas Cook, and how Madrid is bidding for global status.

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