King Sturge in record Paris deal (FR)

On behalf of Custom House Capital, King Sturge has purchased two office buildings from Sefri-Cime and AXA REIM for more than €100 mln.

Artist impression of Panorama Seine.

Panorama Seine and Dockside are located in Issy-les-Moulineaux, south west of Paris and will become the International Headquarters of Sodexho, a worldwide provider in Food and Facilities Management services, who will be occupying both buildings on a 12 year lease.

Panorama Seine comprises 7,893m² (84,959ft²) with 71 car parking spaces and is due to complete in February 2008. Dockside represents 2,128m² (22,906ft²), includes 27 car parking spaces and is due for completion in April 2008.

Knight Frank Ganly Walters, Dublin, acted jointly with King Sturge. Simmons & Simmons and Le Breton & Associés acted on behalf of Custom House. Sefri-Cime was advised by Pardieu Brocas Mafféi and Wagny Katz. The financing was arranged by Aareal Bank, who were advised by notaries Allez & Associés.

Source: King Sturge

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