JPMorgan announces puchase of offices in Paris (FR/UK)

JPMorgan Asset Management – Real Estate (Europe) has announced that a fund advised by it has acquired a section of Bellini, the office complex in Paris, from owner-occupier IONIS in a sale-and-lease-back transaction.

The Bellini complex is located in La Défense, and the acquired section is 5,748 m². Debt financing was provided by Société Générale CIG, and the asset will be managed by Constructa Asset Management. The transaction marks the sixth acquisition in France by JPMorgan Asset Management – Real Estate (Europe).

Source: JPMorgan

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