French private equity company LBO France has acquired SCI Saint Ouen Biron, the owner of an office complex located in Saint Ouen, from French SIIC Compagnie La Lucette. The transaction price amounts to some EUR 41.4 mln, French property magazine Business Immo has reported. The scheme consists of two buildings offering 18,000 m[sup]2[/sup] of total surface area. They are completely leased to IT group Bull and travel agent Kuoni with fixed term leases of 12 and nine years respectively. The site also includes a building permit for a third building which could offer nearly 8,000 m[sup]2[/sup] of additional space.
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