Leading private equity real estate firm Benson Elliot Capital Management and Générale Continentale Investissements (‘GCI’) announce the sale of Olympique and Opéra Italiens, after successfully completing value-add business plans on both assets.
The sales follow a number of successful asset management initiatives including long-term lease extensions on both buildings. At Olympique, a new nine-year lease with Editis, one of France’s leading publishing companies, was recently signed, taking the building to full occupancy; at Opéra Italiens, the partners last year concluded a six-year firm period with the Ministère de la Justice. More »