Real IS buys 15,000 m[sup]2[/sup] office building near Paris

Germany's Real IS said that its new Real I.S. Bayernfonds Frankreich 2 fund has acquired an office complex in Clichy, near Paris. The total investment volume of the fund is around EUR 95 mln, Real IS said, of which around EUR 52.5 mln consists of its own capital. The fund is targeting a yearly return of 6%, increasing to 8% in 2022.

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