AXA and IVG joint venture sells two office buildings in Paris for € 121 million (DE/FR)

German real estate company IVG Immobilien AG said its joint venture with AXA Real Estate Investment Managers has sold two office buildings in Paris to German syndicator KanAm Grund Kapitalanlagesellschaft mbH for € 121 million.

IVG will book its share of the profit this year, said the head of IVG, Eckart John von Freyend.

The company said it has come to a preliminary agreement on another sale to take place in the first quarter of next year.
Source: Freeman

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