Monday 16 April 2012
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 »
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