TMW Pramerica buys Paris building for EUR 38m

TMW Pramerica Property Investment, the property arm of US financial institution Prudential Financial, has acquired a commercial building in the 13th arrondissement of Paris for around EUR 38 mln. In a statement this week, the Munich-based investor said that the asset was acquired from French project developer Bouyques Immobilier. The building is earmarked for one of TMW Pramerica's special funds, it added.

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