Leading European real estate investment manager, AEW Europe, has successfully sold two assets at a Parisian business park on behalf of an institutional investor.
The two properties, buildings A and D at Le Baudran office park in the suburb of Arcueil, have been acquired by Elysées Pierre Real Estate Investment Trust (SCPI), which is managed by HSBC REIM.
Together the two properties, which were built in 1989, provide a total of 9,000 sq m (96,875 sq ft) of office space.
AEW Europe was advised by SCP Prudhomme & Baum and supported by JLL’s investment department as part of a co-exclusive mandate with Nexity. Elysées Pierre SCPI was advised by Cheuvreux.
AWE Europe is responsible for the management of assets valued at €16.6 billion and offers a wide range of real estate investment strategies.
