JPMorgan Asset Management - Real Estate is pleased to announce the acquisition of the Linea building in La DÃ©fense, Paris, from Telecom Italia. The Linea located on rue du GÃ©nÃ©ral Leclerc in Puteaux, La DÃ©fense, provides approximately 16,000 m² of office space, including a canteen and 186 parking spaces. The building is currently 80% leased and is the former headquarter of Olivetti in France.
JPMorgans advisers were S2i Expert Asset Management (P. Sicot and A. Sicot), the law firm Lacourte-Balas & AssociÃ©s (F. ThomÃ©) and tax lawyers CMS BFL (J-Y. Charriau). The senior loan financing was provided by Societe Generale (J-M. Fleury). Telecom Italia was advised by CB Richard Ellis, the law firm Freshfields (P. Schmitz) and the notary firm Nony, Lavigne, Roux (F. Roux).