La Française REM acquires Le Kappa building in Saint-Ouen for €85 mln (FR)

La Française REM announced that it has acquired the Le Kappa office building in Saint Ouen (Paris region) for its SCPI fund from HECF (Hines Pan-European Core Fund) for €85 mln.

The office complex was designed by Reichen-Robert & Partners and completed in 2008. The Kappa building is situated in the center of the big renovation project Zac des Docks and comprises 15,927 m² of office space as well as 334 underground parking spaces. The building is currently leased to Alstom Transports as part of a long term rental agreement.

Source: Business Immo

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