Fonciere Massena shops in Boulogne Billancourt

French real estate firm Foncière Masséna said on Thursday it has completed the purchase from Warburg - Henderson of an office building located in Boulogne Billancourt for over EUR 36 mln. Completed in 2005, the R'Way building provides 4,262 m[sup]2[/sup] of office space and 95 parking spaces. It is entirely let to the municipality of Boulogne Billancourt and the National Institute for Canceret on a six-year lease agreed in 2006. The French company said the investment is in line with its strategy to focus on large, high-quality office properties. CB Richard Ellis advised Fonciere Massena on the deal. Jones Lang LaSalle acted for the seller.

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