French fund manager Stam Europe has acquired a 12,000 m[sup]2[/sup] office building in Nanterre in the first arrondissement of Paris from HSBC bank. The investment price amounted to EUR 45 mln. ‘We are going to restructure the vacant property and start the leasing activity. We think that this is an interesting play, buying into outdated buildings with good locations to reposition them and make them energy-efficient,’ Antoine de Broglie, chairman of Stam Europe, said in an interview with PropertyEU.
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