DEGI International, the open-ended fund of Dresdner Bank, has acquired 'Le Guynemer' from LaSalle Investment Management. The property is the final asset to be sold in LaSalle’s French office closed-ended fund, Francilienne. “Le Guynemer” is prominently situated on the Boulevard Circulaire, at La Défense 6, and is leased to Electricité de France on a nine year fixed term lease.
DEGI and LaSalle completed the transaction in a record time of five weeks, from the initial letter of interest to the signature of the final purchase contract.
LaSalle was advised by the Investment Department of Jones Lang LaSalle and ATIS REAL Auguste-Thouard advised DEGI.
The due diligence process for DEGI involved STAM Europe, their asset managers, Le Breton & Associes, their Notaires in France, and Haarmann Hemmelrath lawyers.
Source: LaSalle Investment Management